Large whale transactions increase again in Shiba Inu, average price rises by 26%

Transactions are on the rise once again on Shiba Inu. The world’s second largest mime cryptocurrency has seen a 85% increase in transaction rates over the past day due to increased activity by Shiba Inu whales. This means that the big whales are either buying or selling the token. Just two days ago, the Shiba Inu token BONE was listed on a well-known Canadian exchange. Increasing transactions in Shiba Inu after BONE is listed on the exchange called Biconomy Global could be a good sign for investors.

According to the data released by IntoTheBlock, the Shiba Inu has seen an increase of 85% in large transactions in the last one day. These transactions are very large and tokens worth at least $100,000 per transaction are transacted. It is said about the transactions that sometimes they increase due to increased activity of whales. The transaction rate changes when big whales buy or sell tokens.

Additionally, data from WhaleStats shows that the top 100 Shiba Inu holders have a 33% increase in active addresses. This is also due to crypto whales transacting in millions of Shiba Inu tokens. According to the report, the trading volume of whales has increased by 28.41% in the last 24 hours and the average value of Shiba Inu has increased by 25.47%. Apart from this, the net flow in cryptocurrencies has also increased by 50%. According to WhaleStats data, the Shiba Inu has again returned as the largest token in the top 100 whales.

The Shiba Inu has set a new milestone as the top holding token of whales, its highest level ever. According to the released data, there are more than 12 lakh 19 thousand active addresses currently holding the Shiba Inu. Coming to the price, it has crossed the psychological level of $0.0000010. At the time of writing this news, Shiba Inu price in India was trading at Rs.0.000844 which is a gain of 1.39 percent in last 24 hours.

Download the Gadgets 360 Android app and follow us on Google News for the latest tech news, smartphone reviews and exclusive offers on popular mobile phones.

Related news

Leave a Comment