Shiba Inu (SHIB) Large Transactions Spike by 300%, Hit $178 Million
Over the last 24 hours, the volume of Shiba Inu (SHIB) large transactions has surged by 300%, reaching a combined $178 million. Notably, the network saw transfers involving 20.2 trillion SHIB.
The spike in large transactions eventually amounted to the equivalent of $178.38 million. This is the highest it has been in the Shiba Inu ecosystem in the last eight months. The big question is, what could this mean for the price of the asset?
Such a significant increase in large transactions has led to a lot of speculation within the SHIB army. Naturally, these transfers have been attributed to whales who are seemingly preparing to make their moves.
