$SHIB SHIB Price Hike: 240% Transaction Upsurge Hints Bullish Breakout!

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SHIB price hike has gained the focus of the crypto whales, as the on-chain statistics below depict a whopping 240% rise in this critical parameter. Bigger transactions have increased noticeably, indicating that bigger investors or whales are holding and accumulating their investments in Shiba Inu as this memecoin aims for another attempt at rallying to massive hikes.

According to data from IntoTheBlock, the addresses offloaded a huge portion of their holdings last week after the crypto market plunged. 

 SHIB Price Hike: 240% Surge in Large Transactions Activity 

Data from the market intelligence platform IntoTheblock revealed that Shiba Inu’s large transaction volume increased by 240% to average 781. 4 Billion SHIB on August 11 from a network that has accumulated only 326. 98 Billion SHIB the previous day. These large transactions shot up further on the 12th of August, increasing by over 93% on that day.

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