Whales Awake in SHIB!

The increase in whale activity indicates that large SHIB holders, or whales, are actively buying or selling while transferring large amounts of the cryptocurrency. According to data from IntoTheBlock, the massive trading volume consisted of 4.95 trillion SHIB worth $95.57 million, representing a 295% increase in the last 24 hours.

The volume of the Shiba Inu network is higher not only in terms of the amount of SHIB tokens traded, but also in terms of the amount moved on the blockchain. According to 21milyon.com data, SHIB decreased by 10.44% in the last 24 hours to $0.0000181, and the transaction volume increased by 156% in the specified time period. However, the recent increase in large trading volume may be a strategic move by whales to create a price floor aimed at stabilizing SHIB prices and preventing further declines.