Shiba Inu (SHIB) price flips green with 56% boost in whale transactions SHIB $SHIB ShibArmy SHIBCommunity
At the time of publication, SHIB was up marginally in the last 24 hours at $0.0000116 after reaching intraday highs of $0.0000119. The market traded lower in the last 24 hours as traders awaited the Federal Reserve’s decision on interest rates Wednesday., an on-chain analytics firm, classifies large transactions as those that exceed $100,000. According to the blockchain data source, there were 67 large transactions in the past day, up 56% from the previous period.
A rise in this statistic could be the result of a significant amount of buying or selling by whales. Large transactions frequently provide a glimpse into the behavior of whales.Whales or significant holders frequently take advantage of market losses or periods of consolidation to build up their portfolios at a discount.
As reported earlier, crypto data tracker WhaleStats reported that an ETH whale named"Boromir," ranking 168th among the biggest whales it tracks, bought a whopping 120,000,000,000 SHIB valued at $1,450,800 in one significant transaction.
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