🚨💥Breaking News : 🚨💥 Whale Activity in Shiba Inu (SHIB) Surges by 170%, Defending 39 Trillion SHIB 🚨😱📈
The dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a 170% surge in large transaction volume, indicating heightened whale activity. According to Into TheBlock, large transactions involve amounts exceeding $100,000. The Large Transactions Volume indicator measures the total amount in crypto terms transferred in these transactions.
Spikes in large transaction volumes signify increased activity among institutional players, either buying or selling. Into TheBlock data reveals that Shiba Inu's large transaction volume has increased by 170.84% in the last 24 hours, reaching $467.2 million, or 21.62 trillion SHIB.
This recent surge in whale transactions suggests that significant players are actively participating to defend a 39 trillion SHIB price range. According to Into TheBlock, 39.68 trillion SHIB is held within the $0.000021 to $0.000022 range by 41,640 addresses.
As market whales intensify their activity, it appears there is a concerted effort to maintain Shiba Inu's value at this critical level. The 39 trillion SHIB mark has become a battleground, where bulls are actively working to ensure stability, not just passively hoping for it. Successfully defending this support level could lead to a price rebound, attracting more buyers and driving upward price momentum.
Recently, Bitcoin fell to lows near $66,000 before slightly recovering, and Shiba Inu also experienced a 1.21% decline in the last 24 hours, trading at $0.0000219. With global markets on edge ahead of a Federal Reserve interest-rate decision and key U.S. inflation figures, crypto investors are particularly alert for potential volatility. All eyes are on Shiba Inu's price as it prepares for its next move.
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