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Shiba Inu

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shiba-inu-witnesses-major-uptick-in-whale-transactions" rel="noopener noreferrer nofollow">Shiba Inu Witnesses Major Uptick in Whale Transactions</a><br></p>
<p style="text-align: justify">Recently, the Shiba Inu <a href="https://en.bitcoinhaber.net/expert-insights-crypto-market-resilience-despite-bear-markets-and-regulatory-challenges" rel="noopener noreferrer nofollow">cryptocurrency</a> has experienced a significant increase in large-scale trading activity, with a notable surge in transactions from major investors, also known as whales. The on-chain data monitoring service IntoTheBlock highlights this trend, showing a considerable influx of capital within the Shiba Inu network. The recent bullish patterns observed in various indicators further fuel the enthusiasm surrounding this digital asset.</p>
<h2 id="whales-make-big-moves-in-shiba-inu-market">Whales Make Big Moves in Shiba Inu Market</h2>
<p style="text-align: justify">Data analysis reveals that the number of high-value Shiba Inu transactions has shot up by 454.16%, reaching a substantial $112.96 million in just 24 hours. These transactions, each surpassing $100,000, numbered 34 in the past day alone, pointing to a sharp rise in the movement of funds by whales within the Shiba Inu ecosystem. The volume of these significant trades has escalated rapidly, with the highest seven-day total reaching 11.77 trillion SHIB on February 22nd, an increase from 2.18 trillion SHIB just a day earlier. In addition, the Shiba Inu network has seen a 25.33% hike in daily active wallets, indicating an overall uptick in network engagement.</p>
<p style="text-align: justify">Despite this flurry of whale activity, the price of Shiba Inu has struggled to breach the $0.00001 level. The cryptocurrency reached its recent peak on February 20th but failed to sustain the upward trend, resulting in a subsequent downturn. Currently, SHIB trades at a slightly lower value, reflecting a 2.14% decrease over the past 24 hours.</p>
<h2 id="investors-hold-shib-longer-despite-market-volatility">Investors Hold SHIB Longer Despite Market Volatility</h2>
<p style="text-align: justify">Despite the immediate price volatility, an underlying trend suggests a growing long-term confidence among Shiba Inu investors. A key metric, the Holding Time of Traded Coins, which indicates the duration SHIB tokens are retained before sale or exchange, has risen by a staggering 652.17% over the previous week. This swell in the holding period signals that investors are likely optimistic about the future potential of Shiba Inu in the longer term.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/shiba-inu-witnesses-major-uptick-in-whale-transactions" rel="noopener noreferrer nofollow">Shiba Inu Witnesses Major Uptick in Whale Transactions</a></h5>

Shiba Inu Witnesses Major Uptick in Whale Transactions

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