The post Shiba Inu’s Whale Activity Surges 198% Making A Comeback appeared first on Coinpedia Fintech News

Shiba Inu’s recent activity has captured the crypto community’s attention. As per the data from IntoTheBlock, the total amount transacted by whales daily, has increased by 198.92% in the last 24 hours. On March 11, over 17.62 trillion SHIB were transferred in transactions over $100,000, signifying increased activity by whales (large investors) on this day. IntoTheBlock classifies large transactions as those involving transfers of more than $100,000. Hence, the spikes in large transaction volumes indicate increased whale activity which can be buying or selling. This activity comes at a time when there has been increased attention on meme tokens and decentralized ecosystems. 

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Filed under: Bitcoin - @ March 12, 2024 12:19 pm