Shiba Inu in the Spotlight Amidst the Bearish Shiba Inu Price Recovery Moves. The meme coin project is showing resilience in many market performance metrics, including price, and whales are forming a major bullish streak. As of this moment, the price is up 3.8% in the past 24 hours to $0.00001465. Market whales are playing a crucial role in maintaining this price momentum.
Shiba Inu whale sales rise
According to data from IntoTheBlock, large SHIB transactions jumped 171% to $20.57 million. By its standard definition, IntoTheBlock classifies transactions worth at least $100,000 as large, and as such, a total of 61 such transactions were recorded on the chain. To that end, a total of 1.25 trillion SHIB were mixed by whales in a single day.
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This massive surge underscores the growing interest from high-net-worth investors. Shiba Inu has a strong historical trend in this regard, and when relevant data emerges, it will prove that a major shift is likely to occur.
Large SHIB transactions via IntoTheBlock
In the past seven years, the meme coin project has recorded a low of 335.4 billion SHIB and a high of 3.03 trillion SHIB tokens. If this level holds, it could help support the growth of Shiba Inu as it is currently being offered in the market.
SHIB Core Catalyst in Action
There is no more positive ecosystem in the crypto space than Shiba Inu. The projectâs leaders and the wider community are often optimistic about its potential to achieve major milestones in the near future.
Recently, the team has been able to get the community excited, hinting that something big is coming, with relevant posts that are driving interest. Shiba Inu has continued to proactively innovate as it looks to bring its services to full-scale application.
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SHIB remains the second largest meme coin and is looking to mainstream adoption through some of its anticipated games and product offerings.
