Shiba Inu experiences a notable surge in whale activity, with large transactions driving liquidity.

Recent data from Santiment has revealed a significant rise in whale activity among top cryptocurrencies, with Shiba Inu (SHIB) emerging as a key performer. This increase has drawn attention due to the notable whale transaction count, which surged by 360.18% for transactions exceeding $100,000. Despite this jump, SHIB’s market price has experienced a decline over the same period. Shiba Inu’s whale activity places it ahead of several top cryptocurrencies by percentage rise in whale transactions. It follows only Injective (INJ) and Wrapped Bitcoin (WBTC), which saw rises of 456% and 421%, respectively. In contrast, other cryptocurrencies such as MakerDAO’s DAI, PEPE, and Tether’s USDT saw comparatively smaller rises in whale activity, trailing behind SHIB.

#shiba⚡ #Crypto #CryptoNewsCommunity #CryptoNewsUSA #CryptoNews🚀🔥V