CandleFocus Shiba Inu Next in Line for Whale-Induced Rally, Here's Why
2024-10-24
Author: Content Editor
Shiba Inu (SHIB) has seen a surge in large transactions, indicating renewed interest from major investors. The total value of these transactions in the past 24 hours was $29.74 million, a 41% increase. Over the past week, the number of large transactions jumped from 48 to 209. This influx of activity has helped Shiba Inu recover from previous losses, with the token currently up by 0.44%. Despite this positive development, there have been no recent burning activities for SHIB tokens. The project's core developers and the enthusiastic SHIB community have played a role in boosting sentiment for the token, which could potentially lead to further growth for Shiba Inu.
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