Shiba

Shiba 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/pepe-becomes-most-profitable-meme-coin-but-what-about-shiba-inu-shib" rel="noopener noreferrer nofollow">Shiba Inu</a> saw strong and reassuring growth in the average transaction size metric, signaling the increasing presence of whales on the market. With the growth of this metric, we are more likely to see an increase in the overall amount of large transactions and a subsequent growth in market <a href="https://app.intotheblock.com/coin/SHIB" rel="noopener noreferrer nofollow">volatility</a>.
Over the last seven days, SHIB has seen an impressive rise in average transaction size, reaching $25,339 with a high of $42,860. There could be major ramifications for price action and overall market dynamics as a result of this increase, which suggests that bigger players are becoming more involved in the Shiba Inu market.&nbsp; <img alt="SHIBUSDT" data-entity-type="file" data-entity-uuid="5a56fc75-592d-4173-80cd-f8e4a129ea03" src="https://u.today/sites/default/files/inline-images/image_841.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">SHIB/USDT Chart by TradingView</a>
A significant amount of variability was observed during this period, with the lowest average transaction size being $8,023. This underscores the continuous changes in investor behavior. Additionally, this pattern is reflected in the average balance in <a href="https://u.today/shiba-inu-shib-hailed-by-boxing-legend-manny-pacquiao" rel="noopener noreferrer nofollow">SHIB</a> wallets. The average balance over the last week has been roughly $18,983, with a high of $20,442 and a low of $18,032.
The average balance appears stable, indicating that larger holders are holding onto their positions despite occasional fluctuations. This can serve as a strong basis for future price movements. There has also been a noticeable increase in the quantity of big transactions. There have been 361 large transactions in the last 24 hours alone, with a seven-day high of 584 transactions and a low of 102.
This action emphasizes even more the major players' increasing involvement in the SHIB market. A seven-day high of 11.65 trillion <a href="https://u.today/75-billion-shiba-inu-in-24-hours-whats-happening" rel="noopener noreferrer nofollow">SHIB</a> was reached by the total volume of large transactions, which indicates significant liquidity and market activity. The volume of large transactions reached 6.93 trillion SHIB in the prior day. Increased market volatility is to be expected as whales continue to accumulate and trade larger quantities of SHIB.

Shiba Inu (SHIB) Sees Massive Surge in This Bullish Metric

U_Today

Andra artiklar publicerade 31 maj 2024

Bitcoin Price Repeats 2020 Trends: Is the Next Bull Run Brewing?

WIF vs PEPE vs BONK: Which Memecoin is the Real Doge Killer?

Trader Records 118,967% Return on a Solana Memecoin That’s Exploded Over 51x Year-to-Date: On-Cha...

4 Cryptos That Could Drop to New Lows in June 2024

Bybit Confirms Executive ‘Role Changes’ Amid Notoin Deposit Delay

Luna Guard Moves 1.974M AVAX After SEC Settlement

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!