CandleFocus 2,816,572,700,000 Shiba Inu Stun Largest Crypto Exchange in 24 Hours
2025-01-15
Author: Content Editor
Shiba Inu (SHIB), a meme coin, has experienced a surge in transactions on the cryptocurrency exchange Binance. Over 2.8 trillion SHIB tokens were transacted in the past 24 hours, with analysts attributing this to whale traders. The reasons for these transactions are unclear, but they could indicate general market trends such as selling, trading, or staking. These transactions could stimulate price movement for SHIB, which has struggled to break resistance levels recently. However, the overall trading volume on exchanges apart from Binance remains stagnant. Market watchers believe that more needs to be done to increase interest in SHIB and raise its price. Despite a large number of outstanding derivatives contracts, the confusion surrounding the asset persists.
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