Shiba Inu whales are back in actionInitiate massive transactions worth millions of dollars. Recently, data on the chain revealed that Shiba Inu whales had moved an astonishing 15.1 trillion SHIB symbols in just one day. This Significant SHIB transmission Coming in the middle of its market crash to new lowness. With the increased election activity, the question arises whether these large-scale investors are preparing for a potential increase in the SHIB price.
Shiba Inu whales make big moves with 15 trillion SHIB Transfer
Intotheblock data reveals that Large-scale shib holdersOften called Shiba Inu Whales, has completed another massive transaction. Over the past 24 hours, Shiba Inu Whales moved an astonishing 15.1 trillion SHIB symbols, valued at approximately $ 253.05 million.
This large-scale SHIB transaction has caught the attention of the market, as electoral movements Often affects marketing terms and the impact of the price lanes. On February 2, Shiba Inu Whales transferred a huge 4.3 trillion SHIB symbols, valued at $ 66.22 million. This transaction marked a significant increase of more than 2.8 trillion SHIB compared to their previous transaction of 1.5 trillion SHIB registered on February 1.
However, it seems as if Activity of shiba inu whales has been further intensified. These large -scale token holders conducted a recent transfer of 15.1 trillion SHIB, which represented an astonishing increase of 10.8 trillion from the previous day’s transfer of 4.3 trillion.
Interestingly, this increase in electoral transactions comes when the market experiences a significant crash. The following US (US) President Donald Trump’s trade war with China, Mexico and Canada, The crypto market has been in a decline. Large players like Bitcoin and Ethereum have crashed considerably, with BTC trading under the $ 100,000 brand and ETH down below $ 3,000.
Shiba Inu was also among the cryptocorate that was affected by market vollatility. Coinmarketcaps data reveals that Shib experienced a crash of 20% During the week and run its price to new lows. While the Meme coin has recycled small gains of about 6.4% over the past 24 hours, its latest downward trend still reflects Ongoing Baiss print.
In the middle of the decline, Intothblock reports that Large holder inflows Has skyrocketed with 553.59% over the past seven days. On February 2, large-scale Shib holders had collected 1.27 trillion Shib. But theirs Purchasing activity increased Dramatically the next day, with whales that buy an impressive 6.51 trillion Shib.
Despite the significant recovery in election inflows, ITB’s data shows an extraordinary increase in outflows. Currency flows Skyrocketed with 1,290% in the last seven days, with 967.25 billion Shib sent out on February 2. This trend continued the next day when whales moved an astonishing 6.5 trillion SHIB, marking a difference of over 5.5 trillion compared to the previous day.
Prepare Shib whales for a price rally?
While large -scale transactions often affect market trends, it is still uncertain whether the latest increase in Shiba Inu’s Whale Movements signals a Overhanging price collection. Based on Coinmarketcap’s data, Shiba Inu appears to show signs of little recovery from its latest downward trend, possibly driven by the surge in election transfers.
However, despite this recovery, the price of Shiba InU remains well below the 2024 price high over $ 0.00002. From writing, the Meme coin is traded to $ 0.000015, indicating one Value value Due to baisse -like market trends and changes in investors’ feeling. In addition, the Meme coin’s trade volume has dropped 38.7% over the past 24 hours and settled at $ 874.2 million.
Image from Unsplash, chart from tradingview.com
