According to a commentary on Shab Quoin,
In recent days, SHIB large transaction volume has dropped by over $100,000. SHIB saw a significant drop in large transaction volume, falling from 6.36 trillion SHIB on April 19 to 2.06 trillion SHIB on April 20. Since then, Shiba Inu's large transactions have been stable between two trillion SHIB and 3.73 trillion SHIB, as of April 24. The volume of large transactions increased from 3.73 trillion SHIB on April 23 to 6.23 trillion SHIB on April 24. The financial value of large transactions in the last 24 hours reached $162.45 million, a seven-day high. This increase in large transaction volume is particularly notable because it coincides with a broader market downturn, with major cryptocurrencies losing between 4% and 20%. Despite a 13% gain over the past seven days, Shiba Inu was not immune to the bearish trend, falling 8.69% to $0.00002486 in the past 24 hours. A resurgence of whale activity could indicate renewed interest in the dog-themed token, especially since whales often use correction periods to rally at a discount. An increase in transaction volume may suggest this.
