2 Trillion Shiba Inu (SHIB) in Last 24 Hours: Are Whales Coming Back?

Shiba Inu whales are on the verge of waking up as transactional activity on large wallets seems to be surging and reaching almost 2 trillion. However, the lack of momentum in the market suggests that it is too early to celebrate, and those transfers might simply be tied to funds redistribution rather than anything significant for the price.

Fresh data has emerged that more transactions are happening within the Shiba Inu network. For the last 24 hours, 147 large transactions have occurred, whose cumulative volume is valued at 1.9 trillion SHIB. The activity bounces off a seven-day low of 82 transactions that took place on May 19, 2024.

Analyzing surge A sudden spike in big transactions could mean numerous things. For one, it's a good probability that large holders in the market are just redistributing their assets. This movement of funds might be related to internal wallet reorganizations, with preparations for future market moves, or simple asset redistribution for liquidity purposes.

Disclaimer:DYOR