Shiba

when

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Dog-themed cryptocurrency <a href="https://u.today/shiba-inu-shib-skyrockets-1173-as-whales-make-intriguing-move" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> has skyrocketed 99% in an indicator that tracks whale activity.
Per <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a> data, SHIB is reporting a 99% increase in large transaction volume, an indicator that gives an idea of the total amount traded by whales on a given day.
A surge in large transaction volumes usually indicates high activity among whales, whether buying or selling. The large transaction volume reported in the last 24 hours was 973.25 billion SHIB, which is equivalent to $8.77 million in monetary terms.
Shiba Inu had seen a steep plunge in large transaction volume after reaching 20.2 billion SHIB on Jan. 24.
Failing to recover, Shiba Inu has sustained an unusually low whale transaction volume since this date, save for occasional spikes. One such was recorded in the last 24 hours, when the large transaction volume almost doubled.
Shiba Inu's large transaction volume grew from 490.5 billion SHIB on Feb. 1 to 973.25 billion SHIB on Feb. 2.
<h2 id="shib-price-action">SHIB price action</h2>
Shiba Inu temporarily jumped to a high of $0.00000967 on Jan. 30; however, bulls could not sustain the advance, and <a href="https://u.today/shiba-inu-two-key-moves-might-delete-zero-from-shib-price" rel="noopener noreferrer nofollow">SHIB</a> fell to a low of $0.00000878 days later.
In another attempt, bulls have picked up a rebound at the lows of $0.00000878, which is progressing steadily even until press time.
Shiba Inu is currently trading at $0.000009, up 0.38% in the past 24 hours. If SHIB closes higher today, it will have gained for the third day in a row. If bulls maintain their current momentum, the first sign of a breakout would be a sustained close above the daily MA 50 at $0.00000987.
Meanwhile, Shiba Inu Layer 2 Shibarium continues to grow in its measures, presently hitting 330 million in total transactions.
According to the Shibariumscan explorer, Shibarium is seeing a mild uptick in daily transactions at 2.59 million, while total transactions are now at 330,618,267.

Shiba Inu (SHIB) Surges 99% in Interesting Whale Activity Pickup

Innehållsförteckning

U_Today

Andra artiklar publicerade 3 feb. 2024

How Quantum Computing Might Shape the Future of WEB3 Applications

Apple Vision Pro Launches with Blockchain-Based Metaverse Game – Next Big Thing?

Why Is Internet Computer (ICP) Price Up? Analyst Reveals Targets After Crucial Breakout

BlackRock’s Spot Bitcoin ETF surpasses $3b in BTC holdings

DoJ Charges Staff for Mining Crypto in School District

Genesis Global Capital Pursues Court Approval for $1.6 Billion Trust Asset Sale

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!