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Title: 6,000,000,000,000 Shiba Inu (SHIB) in 24 Hours: Get Ready
In a shocking turn of events, the crypto market has witnessed an unprecedented surge in network activity on Shiba Inu, with an astonishing 6 trillion SHIB being transferred in large transactions within a mere 24-hour period. This monumental shift in trading volume signals a significant increase in whale activity and potentially marks a turning point for the asset both on-chain and on the open market.
According to the latest data, this extraordinary surge has led to a historical record, far surpassing any previous daily transaction records on Shiba Inu’s blockchain. Market observers are now left pondering whether this extraordinary growth will lead to a continuation of the price trend or a temporary correction.
The current chart suggests that SHIB is currently testing the 200-day moving average, which has historically been a crucial long-term indicator. Furthermore, the cryptocurrency recently broke above a zone of consolidation that had persisted for several months, indicating an upward trajectory.
While strong RSI momentum supports this growth, it simultaneously raises concerns about temporary fatigue in follow-through purchases slowing down.
Source: u.today
