Shiba Inu’s Whale Activity Surges 198% Making A Comeback

Shiba Inu’s recent activity has captured the crypto community’s attention. As per the data from IntoTheBlock, the total amount transacted by whales daily, has increased by 198.92% in the last 24 hours. On March 11, over 17.62 trillion SHIB were transferred in transactions over $100,000, signifying increased activity by whales (large investors) on this day. IntoTheBlock classifies large transactions as those involving transfers of more than $100,000. Hence, the spikes in large transaction volumes indicate increased whale activity which can be buying or selling. This activity comes at a time when there has been increased attention on meme tokens and decentralized ecosystems.