Shiba Inu whale transactions have skyrocketed by a whopping 240%, as large-scale investors have been seen moving trillions of SHIB tokens this week. Considering the significant increase in SHIB whale movements, the price of Shiba Inu could continue its previously halted uptrend to $0.00002.

SHIB Whale Activity Spikes

New data from IntoTheBlock has shown a massive 269% increase in the Shiba Inu whale transactions. On October 20, the total volume of large-scale transactions by SHIB whales was estimated at 925.79 billion. However, in just one day, whale transaction volume skyrocketed to 3.42 trillion, basically tripling the volume from the previous day. 

With an average Shiba Inu price of $0.000018, this means that whales have moved over $61.5 million worth of SHIB tokens in just one day. Surprisingly this is not the largest volume of SHIB whale transfer seen in just the month of October.

On October 9, ITB reported that large transaction volume had surged to 4.15 trillion. Additionally, on October 11, whale activity spiked to 3.78 trillion, underscoring investors’ increased involvement with the popular meme coin. Based on the recent surge in large SHIB transactions, it can be deduced that Shiba Inu whales may be significantly bullish on the meme coin.

Over the past few months, SHIB has had a rather Go to Source to See Full Article
Author: Scott Matherson