• 26 May, 2024
News

Shiba Inu (SHIB) Witnesses Unprecedented Whale Activity in 24-Hour Surge

In an extraordinary turn of events, the world of Shiba Inu (SHIB) is abuzz with astounding whale activity over the past 24 hours, marking a pivotal moment in the cryptocurrency’s trajectory. Crypto enthusiasts and investors are on high alert as Shiba Inu’s fortunes hang in the balance.

According to data from the crypto intelligence portal IntoTheBlock, there has been a staggering 48.48% increase in inflows from major SHIB holders over the past 24 hours, bringing the total to a massive 7.84 trillion SHIB. In the past 24 hours, there has been a significant increase in outflows of SHIB tokens, with a total of 968.24 billion tokens leaving. This represents a 121.62% increase from the preceding day.

Source: IntoTheBlock

It is worth noting that the recent increase in SHIB token accumulation by whales has coincided with a significant rise in its price. Over the past three weeks, SHIB has experienced a remarkable surge of almost 20%. SHIB is trading at $0.000008226, reflecting a 0.39% surge in the last 24 hours and a 3.34% uptick over the past week.

Source: TradingView

In a recent X post, Shiba Inu’s marketing specialist, Lucie, unveiled a video showcasing a captivating array of diverse Shiboshis, Shiba Inu generated Non-Fungible Tokens (NFTS) on a massive billboard located in the heart of New York City (NYC). Lucie expressed her heartfelt enthusiasm using a “heart hands” emoji, resonating with the community’s excitement.

The latest update regarding the Shiba Inu NFT venture has ignited a surge of enthusiasm within the Shiba Inu community. Many users have shared their excitement, punctuating their responses with rocket emojis. This unorthodox advertising approach is being lauded as a masterstroke to garner interest in the project. Nonetheless, it’s worth noting that Shiboshis, the digital collectibles intimately linked with Shiba Inu, have garnered comparatively less attention than other projects in the Shiba Inu ecosystem, such as Shibarium and its associated tokens.

The Shiba Inu community finds itself at a pivotal juncture, filled with anticipation for the forthcoming phase in the cryptocurrency’s extraordinary trajectory, as it nears the crucial $0.0000084 threshold. Whether this marks the dawn of a new era or a transient market moment is yet to unfold.

Bitcoin's Ascent to $100K: A Spot ETF's Transformative Potential Read Previous

Bitcoin's Ascent to $100K: A Spot ETF's Transformative Potential

FLOKI Token Skyrockets Amid Bullish Updates: Will it Outperform SHIB? Read Next

FLOKI Token Skyrockets Amid Bullish Updates: Will it Outperform SHIB?