Shiba Inu's large transactions soar 111%

IntoTheBlock, an on-chain analytics firm, labels large transactions as those that exceed $100,000. In the last 24 hours, IntoTheBlock gave the large transaction volume for Shiba Inu as $6.62 million, a 111% increase in the last 24 hours.

A rise in this statistic could be the result of a significant amount of buying or selling by large holders or whales, as large transactions frequently provide a glimpse into the behavior of this category of holders. SHIB was trading at $0.0000087, down 1.31% over the previous day.

Recently, Shiba Inu saw the highest number of daily new addresses in the past three months, with the creation of up to 2,538 new addresses on May 26 alone.

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