Recently, Shiba Inu Coin (SHIB) seems to be showing a certain strong momentum, especially the overall strength of the Moyin series yesterday. Does this mean that Shiba Inu Coin will see a sharp rise after the Bitcoin halving? We can further analyze from the data perspective:
In the past 24 hours, SHIB token liquidity reached a staggering 4.34 trillion, marking a significant increase in large-value transactions within the Shiba Inu ecosystem, sparking speculation and expectations in the market.
According to the latest data from IntoTheBlock, whale activity has increased, with inflows increasing by 215%. As of April 19, the inflow of SHIB from large households reached 4.34 trillion SHIB, a significant increase compared with 565.55 billion SHIB on April 17. At the same time, the number of large transactions (transactions worth more than $100,000) is also increasing, with an increase of 58.48%.
At the heart of this surge are large investors, known as whales, who have significantly increased their holdings of the cryptocurrency.
The inflow of 4.34 trillion SHIB tokens may indicate that whales are concentrating their efforts to strengthen their position in the market in anticipation of future price movements or market strategies.
We will have to wait and see what happens further for Shiba Inu Coin, but looking at current data and trends, there is a clear increase in market interest and activity in SHIB, which may be indicative of future price dynamics.
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