Major Shiba Inu holder records 436% on-chain increase amid SHIB price perturbations
Digging deeper into the data, the volume of large transactions rose from 1.4 trillion SHIB to 6.11 trillion SHIB, a 436% increase. In monetary terms, the volume of large transactions with the Shiba Inu token increased $42.75 million to $171.74 million, a 401.7% increase. Overall, the number of large transactions, which are defined as those totaling at least $100,000, rose to 276, 119 more than the day before.
Obviously, the rise in large token transactions is due to the rather sprawling price action of the Shiba Inu token. It is likely that a number of large players and SHIB holders added to this drawdown by selling their tokens. But it cannot be denied that some of the big SHIB whales perceived the Shiba Inu token price slump as a discount and decided to strengthen their positions in this token on the contrary.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shiba Inu Burn Rate Soars 15,608% as SHIB Team Torches SHIB, BONE, LEASHShiba Inu's epic week adds first-ever LEASH burn, massive SHIB and BONE burns
Read more »
SHIB Lead Breaks Silence on Shiba Inu New Mega Deal: DetailsShiba Inu lead Shytoshi Kusama speaks as last piece in collection of Shiba Inu technologies unfolds
Read more »
386 Million SHIB Burned as SHIB ETF Petition Keeps Attracting New VotesSHIB army has managed to burn close to 400 million Shiba Inu coins
Read more »
Shiba Inu, Shibarium Achieve Major Milestones Amid Unprecedented Interest SurgeSHIB and Shibarium have achieved remarkable milestones, reflecting growing interest in Shiba Inu ecosystem
Read more »
SHIB Lead Shytoshi Kusama Issues Crucial Warning to CommunityHead of Shiba Inu team warns SHIB community against this danger
Read more »
SHIB Price Pump Preceded by Massive Shiba Inu Whale Action, On-Chain Data ShowsShiba Inu token's meteoric rise was foreshadowed by monumental whale purchase exceeding $10 million, as revealed by on-chain data analysis
Read more »