Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a significant 61.39% increase in large transaction volume, which typically indicates an increase in whale activity, U.Today reported. Large trading volume is an important indicator for IntoTheBlock and represents the total trading volume of whales on a specific day. A surge in large trade volume indicates increased whale activity, either buying or selling. Recently, the volume of large SHIB transactions exceeding $100,000 has decreased. SHIB's large transaction volume dropped from 6.36 trillion on April 19 to 2.06 trillion on April 20. Since this date, Shiba Inu’s large-value transactions have plateaued between two trillion SHIB and 3.73 trillion SHIB until a sudden rise on April 24. Large transaction volume increased from 3.73 trillion SHIB on April 23 to 6.23 trillion SHIB on April 24. The monetary value of large trades in the past 24 hours reached $162.45 million, a seven-day high. Despite rising 13% over the past seven days, Shiba Inu fell 8.69% over the past 24 hours to $0.00002486. Therefore, a resurgence in whale activity could indicate renewed interest in Dogecoin. Whales often take advantage of correction periods to accumulate at discounted prices. An increase in trading volume may indicate that large investors are once again positioning themselves in the market, possibly anticipating future price movements.