{"id":32048,"date":"2023-11-07T21:52:48","date_gmt":"2023-11-08T01:52:48","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=32048"},"modified":"2023-11-07T21:52:48","modified_gmt":"2023-11-08T01:52:48","slug":"shiba-inu-sees-surge-in-whale-activity-will-this-affect-shib","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/11\/07\/shiba-inu-sees-surge-in-whale-activity-will-this-affect-shib\/","title":{"rendered":"Shiba Inu Sees Surge In Whale Activity, Will This Affect SHIB?"},"content":{"rendered":"

Recent data<\/a> has revealed that Shiba Inu<\/a> has experienced a significant surge in whale transactions following a recent whale transaction of a whopping 4.43 trillion SHIB tokens. This has since caused quite a stir in the cryptocurrency space.<\/p>\n

Shiba Inu Experiences Surge In Whale Activity<\/h2>\n

According to data, Shiba Inu has been exhibiting astounding whale transactions over the past 24 hours amid the latest actions taken by the SHIB community to increase token support.\u00a0<\/p>\n

Currently, the total inflows of SHIB tokens held by major holders are at an impressive 7.84 trillion SHIB. This indicates a significant 48.48% increase in inflows from these major holders over the past 24 hours.<\/p>\n

What makes this surge so impressive is the fact that the numbers were 410.21 billion SHIB tokens. The recent numbers present a spectacular 1,911.2% increase in SHIB held by the major holders.<\/p>\n

The Shiba Inu\u2019s surge in whale activity came just after a recent whale activity from an unknown wallet involving approximately 4.43 trillion SHIB tokens.<\/p>\n

According to data<\/a> from Whale Alert, the unknown wallet 0x8d14cc60\u20266e5c7e24dc, transferred the 4.43 trillion SHIB tokens, currently valued at approximately $35.82 million, to another unknown wallet, 0x3ba943c7\u2026225e6dabee.<\/p>\n

The alleged transaction is said to have occurred in a freshly created wallet, with just two transactions being carried out in the wallet in 12 hours.<\/p>\n

In addition, the Amsterdam-based cryptocurrency exchange Bitvavo, a centralized crypto exchange, also sent trillions of SHIB tokens to the same alleged wallet.<\/p>\n

Whales\u2019 large SHIB hoarding is increasing at the same time as the token\u2019s remarkable price movement. The price of SHIB<\/a> spiked sharply in tandem with this wave of large-scale Shiba Inu token transactions.<\/p>\n

SHIB price has since experienced a significant 20% surge in recent weeks. Currently, the price of SHIB<\/a> is sitting at $0.0000082, slowly gaining momentum at a critical point of $0.0000084, marking the highest price level the token has seen since August.<\/p>\n

If the token can surpass this critical point, it might pick up speed and eventually reach $0.00001 and beyond. This is because the last time this happened was back in July; according to historical data, the price of SHIB experienced a significant 37% surge after this happened.<\/p>\n

So far, crypto experts are particularly curious about the recent wave of large transactions involving SHIB tokens. These wallet-to-wallet transfers ignite optimistic sentiment in the colossal crypto market.<\/p>\n

Shibarium Sparks Price Growth<\/h2>\n

The achievements of Shiba Inu layer 2 blockchain Shibarium<\/a> have always had a positive impact on the price of SHIB. The blockchain milestones have caused quite a hype in the Shiba Inu ecosystem, which could bolster SHIB\u2019s growth past its current price of $0.0000082.<\/p>\n

The adoption rate of Shibarium will only increase as more SHIB holders become familiar with its advantages. These include reduced costs and quicker transaction times.\u00a0<\/p>\n

Concurrently, several events have suggested that SHIB\u2019s price will continue to rise, such as the recently launched Shib Name Service (SNS) and Shibdentity.<\/a><\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Recent data<\/a> has revealed that Shiba Inu<\/a> has experienced a significant surge in whale transactions following a recent whale transaction of a whopping 4.43 trillion SHIB tokens. This has since caused quite a stir in the cryptocurrency space.<\/p>\n

Shiba Inu Experiences Surge In Whale Activity<\/h2>\n

According to data, Shiba Inu has been exhibiting astounding whale transactions over the past 24 hours amid the latest actions taken by the SHIB community to increase token support.\u00a0<\/p>\n

Currently, the total inflows of SHIB tokens held by major holders are at an impressive 7.84 trillion SHIB. This indicates a significant 48.48% increase in inflows from these major holders over the past 24 hours.<\/p>\n

What makes this surge so impressive is the fact that the numbers were 410.21 billion SHIB tokens. The recent numbers present a spectacular 1,911.2% increase in SHIB held by the major holders.<\/p>\n

The Shiba Inu\u2019s surge in whale activity came just after a recent whale activity from an unknown wallet involving approximately 4.43 trillion SHIB tokens.<\/p>\n

According to data<\/a> from Whale Alert, the unknown wallet 0x8d14cc60\u20266e5c7e24dc, transferred the 4.43 trillion SHIB tokens, currently valued at approximately $35.82 million, to another unknown wallet, 0x3ba943c7\u2026225e6dabee.<\/p>\n

The alleged transaction is said to have occurred in a freshly created wallet, with just two transactions being carried out in the wallet in 12 hours.<\/p>\n

In addition, the Amsterdam-based cryptocurrency exchange Bitvavo, a centralized crypto exchange, also sent trillions of SHIB tokens to the same alleged wallet.<\/p>\n

Whales\u2019 large SHIB hoarding is increasing at the same time as the token\u2019s remarkable price movement. The price of SHIB<\/a> spiked sharply in tandem with this wave of large-scale Shiba Inu token transactions.<\/p>\n

SHIB price has since experienced a significant 20% surge in recent weeks. Currently, the price of SHIB<\/a> is sitting at $0.0000082, slowly gaining momentum at a critical point of $0.0000084, marking the highest price level the token has seen since August.<\/p>\n

If the token can surpass this critical point, it might pick up speed and eventually reach $0.00001 and beyond. This is because the last time this happened was back in July; according to historical data, the price of SHIB experienced a significant 37% surge after this happened.<\/p>\n

So far, crypto experts are particularly curious about the recent wave of large transactions involving SHIB tokens. These wallet-to-wallet transfers ignite optimistic sentiment in the colossal crypto market.<\/p>\n

Shibarium Sparks Price Growth<\/h2>\n

The achievements of Shiba Inu layer 2 blockchain Shibarium<\/a> have always had a positive impact on the price of SHIB. The blockchain milestones have caused quite a hype in the Shiba Inu ecosystem, which could bolster SHIB\u2019s growth past its current price of $0.0000082.<\/p>\n

The adoption rate of Shibarium will only increase as more SHIB holders become familiar with its advantages. These include reduced costs and quicker transaction times.\u00a0<\/p>\n

Concurrently, several events have suggested that SHIB\u2019s price will continue to rise, such as the recently launched Shib Name Service (SNS) and Shibdentity.<\/a><\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-32048","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/32048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=32048"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/32048\/revisions"}],"predecessor-version":[{"id":32061,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/32048\/revisions\/32061"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=32048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=32048"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=32048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}