Trading volume of Shiba Inu whales increased by 639%, average price also jumped

The trading volume of the Shiba Inu is once again looking cursory. Transactions for the world’s second largest mime cryptocurrency have increased significantly in the top 100 whales in the past 24 hours. An analysis by WhaleStats shows that the trading volume in the top 100 Shiba Inu holders has increased by 639 percent in the last 24 hours. According to data from IntoTheBlock, there has been an increase of 61% in large transactions of Shiba Inu whales within a day.

According to data from WhaleStats, activity in Shiba Inu whales has increased significantly. Dogecoin’s biggest rival Shiba Inu has several factors behind the increase in trading volume. These also include institutional partners who have increased activities in the token. In addition, activation of whales is also the reason for the trading volume to go up, with whales either selling or buying the tokens. Because of this, the price of Shiba Inu cryptocurrency has also increased by up to 2 percent in the last 24 hours.

Moreover, the active addresses of Shiba Inu have increased by 57.41% in the last one day. The report says that crypto whales have transacted millions of Shiba Inu tokens in the past one day, leading to an increase in trade volume. As a result, the average balance of the Shiba Inu has increased by 18.53% while the average price of the token has increased by 3.06%.

According to the latest data from CoinMarketCap, the Shiba Inu is currently trading at $0.000001044. At the time of writing this news, the price of Shiba Inu in India had increased by 3.79% percent. That is, the trade opening of Shiba Inu has happened today with a big lead. In India it is trading at ₹ 0.000931. However, it was running in losses in the first two days of the week. For the past several days, the Shiba Inu team has been focusing on token burning. Due to this there is a slight increase in the price of the token.

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