Shiba

Boost

Shiba Inu

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In a jaw-dropping turn of events, the&nbsp;<a href="https://u.today/shiba-inus-shib-price-explosion-meme-coin-cracks-crucial-ceiling">Shiba Inu token (SHIB)</a> has achieved an unprecedented on-chain surge, marking a staggering 363% increase in large transactions valued at $100,000 or more within the last 24 hours. This groundbreaking revelation comes courtesy of blockchain analytics platform&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all">IntoTheBlock</a>.
Whale transactions involving SHIB have soared to new heights, catapulting from $32.06 million to an astounding $116.44 million.
This surge in whale activity, the most substantial since last August, resulted in the exchange of a whopping 11.98 trillion SHIB tokens.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="6497ced8-0a3b-4d4b-afe3-8165e5b1d817" src="https://u.today/sites/default/files/inline-images/shihshsh.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=financials&amp;chart=largeTransactions">IntoTheBlock</a>
Against the backdrop of this on-chain phenomenon, the SHIB token exhibited a notable 15% increase in price, maintaining a bullish trend throughout the first six days of December.
<h2 id="no-hidden-catch">No hidden catch</h2>
However, yesterday's market activity witnessed equivalent movement in a single day, culminating in a swift sell-off that left a pronounced long wick on the Shiba Inu token's price chart.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="b14ff74a-11c3-411a-816d-12a37899e511" src="https://u.today/sites/default/files/inline-images/SHIB_7D_graph_coinmarketcap_6.jpeg">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/">CoinMarketCap</a>
Contrary to expectations, the sharp change in the index does not necessarily spell negative news. Analysis of the Large Holders Netflow metric revealed a remarkable net inflow of 3.873 trillion&nbsp;<a href="https://u.today/shiba-inu-shib-fee-free-trading-announced-by-major-crypto-exchange">SHIB</a> to the wallets of the largest holders.&nbsp;
This influx challenges the assumption that whales were responsible for the sell-off, introducing a layer of complexity to the narrative.
As the&nbsp;<a href="https://u.today/shiba-inus-shibarium-hard-fork-major-blockchain-developer-expects-mass-adoption-surge">Shiba Inu</a> token continues to break multimonth records both in terms of on-chain activity and price movement, the cryptocurrency market is abuzz with speculation and intrigue.

Shiba Inu Breaks Multimonth Record in 363% On-chain Boost Amid SHIB Price Surge

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