Important $SHIB indicator shows that whales are waking up following the most recent market turmoil
whales that is pushing large quantities of tokens, potentially driving up demand for the cryptocurrency.
Currently, the average transaction size on the Shiba Inu network stands at around $11,000. This is a notable increase from previous levels, which hovered around $7,000. The sudden rise in transaction size suggests that large players, such as whales, are becoming more active on the network and pushing up demand for SHIB tokens.However, it is worth noting that this increase in transaction size does not necessarily mean that only small or medium transactions are present on the network.
The increase in average transaction size could be a sign that investors are becoming more confident in the future of SHIB and are willing to invest larger amounts of money into the cryptocurrency. The rise in average transaction size comes at a time when the overall cryptocurrency market is experiencing a period of growth and increasing activity. Bitcoin and other major cryptocurrencies have seen significant price gains in recent days following the usage of Binance's recovery fund and the start of the FED's lending policy.
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