Shiba Inu Whale Transactions Spike 265% In Last 24 Hours, Can SHIB Drive Toward $0.00004?

Quick Summary:

Shiba Inu (SHIB), one of the most talked-about meme coins in the cryptocurrency space, has seen a notable surge in whale activity in the past 24 hours.

Particularly, data from on-chain analytics platform IntoTheBlock reveals a 265% increase in whale transactions within the past 24 hours.

By December 22, this figure had dropped by about 94% to 1.07 trillion SHIB, which shows the subdued state of whale activity over the past few days.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Crypto Analyst Altcoin News Crypto news SHIBUSD Shiba Inu news SHIB news Crypto Shib SHIB price SHIBUSDT Shiba Inu Shiba Inu price Analyst

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 11:00:32 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24630128

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