CandleFocus 2.1 Trillion Shiba Inu (SHIB) in 24 Hours: What's Going On?
2024-09-12
Author: Content Editor
There has been a surge in Shiba Inu on-chain activity, with a significant increase in transactions recorded. This rise in activity is primarily from large investors or whales. The number of big transactions reached a peak of 98 earlier this week but has decreased to 47 in the last 24 hours. The volume of these transactions has also fluctuated. This suggests that whales are becoming more active, possibly for strategic liquidation or accumulation. The movement of these whales can impact the price of Shiba Inu. The current activity may indicate a potential significant price move in either direction. It is crucial to monitor resistance and support levels considering the recent surge in large transactions. The actions of whales will likely determine the market's next major move.
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