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**1.6 Trillion SHIB in 24 Hours: Shiba Inu 551% Whale Surge Hits Market**
Shiba Inu, a dog-themed cryptocurrency, has recently experienced an extraordinary surge in whale activity, sparking significant interest in the crypto market. According to IntoTheBlock data, the token recorded a stunning 551% increase in large transaction volume over the past 24 hours. The sheer magnitude of this activity is unprecedented, with a staggering $1.6 trillion SHIB moving across the blockchain.
This extraordinary surge is a clear indication that large holders are either buying or selling SHIB in massive quantities, marking a significant shift from the flatlined whale transactions seen since June 24. In contrast, a low of 236.19 billion SHIB was reached on June 29.
As the Shiba Inu price awaits its next major move, this surge may indicate a mix of accumulation and repositioning among large investors. Meanwhile, the token’s price has taken a slight dip, dropping by 1.79% over the last 24 hours.
It is imperative to note that whale transactions are often used to track the behavior of whales, or large holders.
Source: u.today
