CandleFocus Shiba Inu Sees 360% Spike in Large Transactions as Big Traders Step In
2024-10-01
Author: Content Editor
Shiba Inu (SHIB) has seen a surge in whale activity, with large transactions driving liquidity. The notable rise in whale transactions has placed SHIB ahead of several top cryptocurrencies, with a 360.18% increase in transactions over $100,000. Despite this, SHIB's market price has experienced a decline. Other cryptocurrencies have seen smaller increases in whale activity, trailing behind SHIB. High-activity addresses have contributed to the influx of transaction count, while low-activity whale addresses represent a smaller portion. Retail investor addresses show lower engagement compared to whales. Market analyst SHIB KNIGHT predicts a potential price surge for SHIB in October, known as "Uptober" in the cryptocurrency market. SHIB's whale activity and market sentiment suggest a potentially strong performance in the coming month.
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