Источник Bitcoinist.com
Заголовок Shiba Inu Whales Move 1.55 Trillion SHIB In 24 Hours, What Are They Up To?
Дата 20240629

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Shiba Inu Whales Move 1.55 Trillion SHIB In 24 Hours, What Are They Up To?

Shiba Inu Whales Move 1.55 Trillion SHIB In 24 Hours, What Are They Up To?

by Scott Matherson

8 mins ago

in Shiba Inu

0

On-chain data presents a staggering perplexity surrounding Shiba Inu amidst
the recent broader price decline in the past three weeks. Interestingly, this
on-chain data presents itself in the large transaction volume of SHIB tokens
across the Shiba Inu network. According to the latest on-chain data from
IntoTheBlock, some serious Shiba Inu whales have been making waves over the
past 24 hours.

IntoTheBlock’s large transaction volume measures the number and total value of
transactions greater than $100,000. This metric, which has proven to be a
useful tool for tracking whale sentiment, shows that large holders transferred
1.55 trillion SHIB tokens over the previous 24 hours.

Shiba Inu Whales Making Movements

Over the past few weeks, the meme cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта Shiba Inu (SHIB) has seen its
price take a nosedive. The token recently crossed below $0.0000165, its lowest
point since the beginning of March. This decline mirrors the broader bearish
sentiment across many cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, most especially meme coins like SHIB.

Related Reading: German And US Governments Are Selling Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin While El
Salvador
Holds

Amid this downturn, blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
data from ITB reveals some huge SHIB
transactions from whale wallets. For example, over 1.55 trillion Shiba Inu
tokens (worth around $26.6 million at the current price) qualified under the
large transaction cohort in the past 24 hours.

Furthermore, dialling the transaction data backwards shows this wasn t
an isolated day of large transactions. At the time of writing, SHIB s
large transactions have totaled around $320.16 million in the past seven days.
Per the large transaction metric, 6.43 trillion SHIB were moved by large
holders on June 24, the highest in a 24-hour timeframe this week.

What Are The Whales Up To?

For average investors, SHIB whale transactions can be both promising and
worrying. Crypto whales are investors who hold massive amounts of a particular
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. They have enough capital to potentially influence market
prices with their trading activity. Whales in the Shiba Inu (SHIB) ecosystem
are no different.

Related Reading: Attorney Sheds Light On Possible SEC Judgement As Ripple
Enters Final Days Of Legal Battle

On the surface, such colossal transfers might seem like a bearish signal that
the whales are bailing during the ongoing price decline. While this might be
partially true for some of the whales, it surely cannot be the case for the
entirety of the cohort. Another possibility is that some of these whales see
the recent Shiba Inu dip as a prime buying opportunity . By scooping up
billions of tokens on the cheap, they could be trying to accumulate a massive
stake in anticipation of a rebound.

Interestingly, the latest price movement in the past 24 hours suggests that
the latter might be the case. This is because at the time of writing, the
price of SHIB is up by 1.5%. Similarly, the total SHIB trading volume across
crypto exchanges increased by 18.20% in the past 24 hours. SHIB price jumps
from dips | Source: SHIBUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

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