1.9T Shiba Inu transacted in one day: SHIB whales perhaps being observed once again Big whale transactions in Shiba Inu rise with nearly 1.9 trillion SHIB moved on-chain within the past day
One solution is that it might indicate the market beginning to take A LOT more interest in SHIB than major holders. With 98 that have occurred in the past day, data from contributed to a seven-day high figure of 100 transactions on Sep.
Shiba Inu whales on the mend: 1.9T SHIB traded in a day (LavicniaMalware) Big whale transactions on Shiba Inu have soared with close to 1.9 trillion SHIB transferred within the last day, Find more info here!
This is likely to point towards a shift in the market sentiment towards SHIB, as whales begin accumulating more of said token. HackenAccording to data that Hacken has attracted in 24 hours made pools of transaction for such circulating coins and this pool is counted large if it used 98 times, so on Sept.4th., there have been a total seven days with the largest use as at one season (100 transactions).
That behavior could be a sign of consolidation or nets getting thrown out before we build towards major liquidity events. Another extremely necessary price action is SHIB kept trading below the 50,100, and 200 EMAs on an hourly chart that means a downside trend still in play for this best old coin. The increase in big transactions and on-chain volume suggest, however, that SHIB could be about to stage a comeback.
This bounce could be backed even further due to the fact that SHIB is oversold at a reading of 43 in RSI. So in short, the spike of big transactions may be hinting towards SHIB whales getting back into action. If this trend continues, it could lead to heightened price volatility and even a potential rise in prices. Just watch the Whales Wallet and you will know when to take action.
â ď¸ Follow and like so to be early with signals,airdropsŘanalysis.and daily crypto updates.