[Shiba Inu’s market value in 24 hours is 1.28 trillion: SHIB is back? 】
Shiba Inu is making a huge comeback. In the past 24 hours, SHIB whales have traded more than 1 trillion SHIB, indicating that market interest in the token may be revived and the value is expected to rise. There has been significant activity among major SHIB holders recently, and on-chain data shows encouraging trends, particularly a significant increase in the number of large transactions. Fifty-six trades were recorded in the past 24 hours, a significant increase from the low of just six over the past seven days.
This growth could mean that big players are back in the market. The behavior of whales often affects overall market sentiment, so such movements may signal price movements. In addition, on August 21, 2024, SHIB trading volume reached a seven-day high, with a total of 2.12 trillion SHIB traded, indicating rising market enthusiasm.
The heavy trading in whales may be preparing for a potential rise in SHIB prices. Currently, SHIB is trading at $0.000015, with the price starting to stabilize after a long period of decline. The recent price action shows SHIB attempting to break above the $0.00001554 resistance level.
Increased whale activity, coupled with current price dynamics, suggests a recovery in SHIB is possible. While the market remains volatile, these movements provide supportive signals for SHIB's future performance.
