Shiba Inu Wale are back in actioninitiate massive transactions worth millions of dollars. On-chain data recently showed that Shiba Inu whales had moved astonishing 15.1 trillion Shib token within a day. The Significant slice transmission Comes against new deep stalls in the middle of his market accident. With increased whale activity, the question arises as to whether these large investors are preparing for a potential increase in the Shib Prize.
Shiba -inu whales make large movements with 15 trillion Shib transfer
Intotheblocks Data reveals that Large grinding holderIn general, referred to as Shiba -inu whales, another massive transaction. In the past 24 hours, Shiba Inu Wale was astonishing 15.1 trillion Shib -token worth around 253.05 million US dollars.
This great Shib transaction has attracted the attention of the market Whale movements Figure the market mood and influencing the influence of influence. On February 2, Shiba Inu Wale exceeded a whopping 4.3 trillion Shib -token worth 66.22 million US dollars. This transaction marked a significant increase of more than 2.8 trillion Shib compared to its previous transaction of 1.5 trillion Shib, which were recorded on February 1.
However, it seems that the Activity of Shiba -inu -Walen has worsened even further. These large-scale token owners recently carried out a transfer transfer of 15.1 trillion damage, which was an amazing increase of 10.8 trillion compared to the transmission of 4.3 trillion before the past day.
Interestingly, this increase in whale transactions when the market experiences a significant crash. According to the President of the United States (US) Donald Trump’s trade war With China, Mexico and Canada Die The cryptom market was in a downturn. Big players such as Bitcoin and Ethereum have crashed considerably, with BTC being traded below the 100,000 US dollar and ETH under 3,000 US dollars.
Shiba Inu was also one of the cryptocurrencies affected by the volatility of the market. The data from CoinmarketCap show this Shib had an accident of 20% During the week, they drive the price to new lows. While the Meme coin has won minor profits of around 6.4% in the last 24 hours, the recent downward trend is still reflected persistent bear pressure.
In the middle of the downward trend, Intotheblock reports that the Large owners I shot up 553.59% in the past seven days. On February 2, large Schibner owners had accumulated 1.27 trillion Schibien. However, yours Buying activity rose The next day dramatic, with the whales impressively buying 6.51 trillion Schibien.
Despite the significant increase in whale inflows, the ITB data show an exceptional increase in the outflows. Whale drains In the past seven days, 1,290% has been set, with 967.25 billion Shib on February 2. This trend continued the next day when the whales moved astonishing 6.5 trillion Shib and marked a difference of over 5.5 trillion compared to the previous day.
Are you preparing for a price assembly?
While large -scale transactions often influence the market trends, it is still uncertain whether the recent increase in the whale movements of Shiba Inu signals one upcoming price rally. Based on the data from Coinmarketcap, Shiba Inu seems to show signs of a slight recovery from its recent downward trend, possibly by increasing the whale transfers.
Despite this recovery, the price for Shiba Inu remains well below its price of 2024 of over 0.00002 US dollars. At the time of writing, the Meme coin is traded at $ 0.000015, which indicates A Decline in value Due to the bear -in market trends and changes to the investigation. In addition, the Meme Coin trade volume has dropped by 38.7% in the past 24 hours and has decided to $ 874.2 million.
Selected picture of Unsplash, diagram of tradingview.com