CandleFocus 1.9 Billion Shiba Inu in 24 Hours: SHIB Whales Making Comeback
2024-09-08
Author: Content Editor
In the last 24 hours, there has been a surge in large transactions involving the cryptocurrency Shiba Inu (SHIB), with 1.9 trillion SHIB being transferred. This increase in whale activity suggests a change in the market's perception of SHIB and indicates that major holders are becoming more interested in the token. The number of transactions has also significantly increased, indicating a potential accumulation or preparation for upcoming liquidity events. Despite trading below important moving averages, SHIB may be ready for a reversal due to the rise in big transactions and on-chain volume. This trend could lead to increased price volatility and possible upward momentum if it continues. Monitoring activity on whales' wallets is recommended for further insights.
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