Shiba

bullish

Fuel

Kusama

Shiba Inu

<ul class="wp-block-list news-points"> 
 <li>SHIB sees record transactions, with nearly six trillion tokens transferred in 24 hours.</li> 
 <li>Lead developer Shytoshi Kusama defends SHIB against criticism, citing strong historical growth.</li> 
 <li>SHIB’s uncertain future hinges on whether recent large transfers signal buying or selling.</li> 
</ul> 
Shiba Inu (SHIB) has seen a surge in transaction volume and public debate about its future. Almost 6 trillion SHIB tokens were transferred between major wallets in a single day, setting an October record. This increase in large transactions has fueled speculation about the reasons for the movement. 
<h2 class="wp-block-heading" id="h-record-transactions-fuel-market-uncertainty">Record Transactions Fuel Market Uncertainty</h2> 
According to on-chain <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" target="_blank" rel="nofollow">data</a>, nearly 6 trillion SHIB tokens changed hands between large wallets in the past 24 hours. This high transaction volume indicates increased activity, with 224 significant transactions recorded. SHIB has been trading in a narrow range, with resistance at $0.000020 and support around $0.000017. 
Analysts are unsure whether this movement signals a bullish accumulation by institutional investors or a bearish sell-off. Historically, rising transfer volumes without a price increase often have indicated selling rather than buyi…
The post <a href="https://coinedition.com/shiba-inus-october-surge-record-transactions-and-kusamas-defense/">Shiba Inu’s October Surge: Record Transactions and Kusama’s Defense</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Shiba Inu’s October Surge: Record Transactions and Kusama’s Defense

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