Shiba Inu witnesses whales’ billions of SHIB moves, records 1.13 trillion SHIB in large transaction volume.

BONE token surges 8.68% as SHIB ecosystem tokens show notable price growth.

The meme coin celebrates third anniversary with spectacular growth, attracts crypto community’s interest.

Shiba Inu, the cryptocurrency inspired by internet meme culture, has seen a significant shift in the last 24 hours as whales made billions of SHIB moves, driving the token’s large transaction volume to a staggering 1.13 trillion SHIB, according to IntoTheBlock data. The Large Transactions Volume metric indicates the overall amount transacted by whales on a given day, with large transactions defined as transfers exceeding $100,000.

At the time of writing, SHIB showed a slight increase in the last 24 hours, reaching $0.00000822. Meanwhile, other tokens within the Shiba Inu ecosystem have experienced notable price growth. BONE, the governance token of the ecosystem, surged by 8.68% to $1.64.

Shiba Inu’s Massive Transaction Volume Raises Interest Among Whales

Amid the positive momentum, the official SHIB Twitter handle shared a teaser tweet featuring an ecstatic Shiba Inu dog, celebrating the project’s third anniversary. Since its launch in August 2020, Shiba Inu has garnered immense support from users and partners like Wirex and Huobi crypto exchange, who lauded the project’s remarkable growth over the past three years.

The recent activity of SHIB whales and the impressive performance of its ecosystem tokens have captured the attention of the crypto community, sparking curiosity about the future trajectory of this meme-inspired digital asset. As the market continues to evolve, Shiba Inu enthusiasts and investors eagerly await further developments that could shape the coin’s journey in the months to come.

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Filed under: Bitcoin - @ August 2, 2023 4:23 pm