Shiba Inu (SHIB) recently surged in activity, coinciding with 15% price jump
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According to IntoTheBlock data, Shiba Inu's large transaction volume is higher by 176.29% in the last 24 hours, reaching 4.18 trillion SHIB amounting to $62.57 million in monetary terms.The recent spike in Shiba Inu’s large transaction volume indicates that SHIB whales are either accumulating SHIB or moving large amounts of it.
Shiba Inu's price jumped over 16% to reach highs of $0.00001595 in Saturday's trading session as the market rebounded following a bearish downturn in the week. At the time of writing, SHIB was trading up 15.21% in the last 24 hours to $0.00001591.That said, whales might be strategically accumulating SHIB in anticipation of future price increases, taking advantage of current market conditions.In this scenario, SHIB might proceed to its next major barrier in the range between $0.
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