Shiba Inu Whales Pause for Breath as Gigantic 228 Trillion SHIB Hurdle Looms

#MANTA Bulls prepare to take on next big level for SHIB price

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Shiba Inu whales are seemingly taking a breather as bulls prepare to take on the next big level for the #SHIB💥 price.

According to #IntoTheBlock  data, Shiba Inu's large transaction volume, which estimates the daily total amount transacted by whales, has seen a decline.

Shiba Inu's large transaction volume dropped 64.92% in the last 24 hours to $62.58 million. This amounted to 7.09 trillion SHIB in crypto terms.

Global In/Out of the Money, Courtesy: IntoTheBlock

Shiba Inu's large transaction volume saw a sharp decline from 20.2 trillion SHIB on Jan. 24 to 7.09 trillion SHIB on Jan. 25.

A surge in large transaction volumes typically implies huge activity among whales, whether buying or selling. Meanwhile, a drop in this whale indicator might suggest a decrease in the activity of these large holders.

The total #transaction volume recorded on-chain in the last 24 hours also saw a drop to 8.09 trillion SHIB.

The seeming decline in whale transactions coincides with the SHIB price gearing up to take on a major price level.

According to IntoTheBlock data, the next barrier from which SHIB presently trades is between the $0.000009 and $0.000013 levels, where 228.97 trillion $SHIB were bought by 322,220 addresses for an average price of $0.000011.

At the time of writing, SHIB was up 2.31% in the last 24 hours to $0.000009.

In a positive development for the Shiba Inu ecosystem, Lucie, a Shiba Inu team member, hints that #Shibarium is on the brink of taking a crucial step beyond automated burns. This will benefit TVL and provide a home for SHIB supporters, she explained.

In other good news, Uphold has announced a positive development for Topper users in Canada. Shiba Inu and other altcoins have been relisted on Uphold's Topper.