CandleFocus Shiba Inu Leads Whale Frenzy: Large SHIB Transfers See Massive 360% Spike
2024-10-02
Author: Content Editor
On-chain data from Santiment shows that Shiba Inu (SHIB) has seen a significant increase in whale interest over the past week. The "Whale Transaction Count" indicator, which tracks the number of large transfers carrying a value of at least $100,000, has surged by 360% for SHIB. This suggests that large investors, or whales, have been actively trading the coin. While other coins have also experienced increased whale activity, Shiba Inu's surge is particularly notable considering its smaller market cap compared to others on the list. The high Whale Transaction Count indicates higher volatility, and the recent surge in SHIB's price suggests that the increased whale activity may lean towards buying. As of now, Shiba Inu is trading around $0.0000180, up more than 23% in the past week.
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