#Shibalnu is once again in the spotlight due to a significant recovery in price and other key market indicators. This #mememcoinseason2024 is demonstrating resilience, with its price increasing by 3.8% in the last 24 hours, reaching a value of $0.00001465. A major factor behind this growth is the activity of "whales," large market players who significantly influence price movements.
Rise in whale transactions
According to data from IntoTheBlock, there has been a sharp increase in large Shiba Inu transactions, rising by 171% to $20.57 million. Large transactions are defined as those exceeding $100,000 in value, and a total of 61 such transactions were recorded in the past day. Altogether, 1.25 trillion SHIB tokens were moved in a single day, confirming growing interest from high-net-worth investors.
SHIB Large Transactions via IntoTheBlock
Historical trend and interest from large investors
This increase highlights a long-term trend for Shiba Inu, which continues to attract large investors. If this trend persists, it could lead to further price growth and strengthen SHIB’s position in the market. Over the past week, the volume of SHIB transactions ranged from a minimum of 335.4 billion SHIB to a maximum of 3.03 trillion SHIB.
Potential growth and innovation in the Shiba Inu project
Shiba Inu also showcases its strength in innovation. The community and development team are optimistic about the project’s future and recently hinted that something big is on the horizon. This news has sparked further interest in the project. Shiba Inu continues to work on expanding its ecosystem, aiming to become a widely adopted digital currency.
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