Shiba Inu Sees Significant Increase in Activity Amid Whale Resurgence

According to U.Today, Shiba Inu (SHIB) has seen a significant increase in activity, largely attributed to the return of large forks, also known as "whales." Data from IntoTheBlock reveals that SHIB's huge trading volume has increased by a remarkable 176% in the last 24 hours. This increase in activity has coincided with a substantial 15% increase in the price of SHIB. In monetary terms, the large trading volume of Shiba Inu has increased by 176.29% in the last 24 hours, reaching 4.18 trillion SHIB, equivalent to 62.57 million dollars.

The recent increase in large Shiba Inu trading volume suggests that SHIB whales are accumulating more SHIB or moving large amounts. Large transactions, defined as those exceeding $100,000, are typically indicative of whale activity and suggest that these large holders are actively buying or selling. Several factors could be contributing to the recent increase in Shiba Inu whale activity, although the exact reason is still unclear. Improving market sentiment in the broader cryptocurrency market could be prompting whales to expand their positions at #SHİB .$SHIB