Shiba

Overnight

Epic

Shiba Inu

Inu.

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://u.today/57-trillion-shiba-inu-shib-in-24-hours-whats-happening" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> is on fire! At least it seems that way since there has been a lot of activity on the blockchain lately and there is a lot of money swirling around the token. For instance, according to&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>, there has been a spike in SHIB transactions of over $100,000.
Whale activity has really picked up — we are talking about almost $30.64 million moved by SHIB whales in the last day, a 40% increase! This excitement drove the day's trading volume to a crazy high of 1.79 trillion SHIB.
Not surprisingly, the SHIB price is also feeling the heat: It jumped 3.7% to hit a high after falling last week. All this suggests that big investors are once again tuning in to SHIB. Since the big players are actively trading, this could definitely affect the market and how stable the price remains. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="a2b928b0-6560-4583-b0f9-051eaf25f0c1" src="https://u.today/sites/default/files/inline-images/shib_233.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
The trading volume of the popular cryptocurrency also supports this observation. According to CoinMarketCap, SHIB turnover in the spot markets has increased by more than 20% in the past 24 hours to over a quarter of a billion dollars.
<h2 dir="ltr" id="shib-still-boomin">SHIB still boomin'</h2>
The&nbsp;<a href="https://u.today/shiba-inu-shib-to-reveal-rare-pattern-first-time-in-2024-details" rel="noopener noreferrer nofollow">Shiba Inu</a> community is keeping an eye on this, as whale movements can hint at what the price may be doing next. This flurry of deals could be a sign that market conditions are changing, and perhaps even lead to long-term growth for SHIB. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="e35bd069-2ada-489b-8f6a-46216c561a24" src="https://u.today/sites/default/files/inline-images/shiba_14.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
As&nbsp;<a href="https://u.today/57-trillion-shiba-inu-shib-in-24-hours-whats-happening" rel="noopener noreferrer nofollow">SHIB</a> continues to attract big money, everyone will be watching to see if trading volume and price continue to rise. This surge in whale activity may be the first sign of a larger trend showing that people are becoming more interested and confident in the potential of Shiba Inu.

Shiba Inu Eyes Epic 40% Overnight Growth in Major Whale Metric

목차

U_Today

2024년 7월 14일에 게재된 다른 기사

CoinStats Security Breach Exposes $2.2 Million in Cryptocurrency

Uniswap (UNI) and New Best Friend CYBRO (CYBRO): Ready To Rocket

5 Reasons Why Bitcoin Price Is Poised For A Rally Soon

Dogecoin (DOGE) and Solana (SOL) Lead Crypto Market Recovery as Bitcoin (BTC) Reclaims $60K

Ethena Discord gets hacked, users advised to not click any links

This Previously Working Indicator Is Giving Signals Again in Bitcoin! Rise or Fall?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!