Shiba Inu Whale Volumes Sees Drastic Increase, What’s Driving It?

Quick Summary:

The crypto industry might be looking unfavorable in terms of price increases with Bitcoin’s break below $50,000, but Shiba Inu (SHIB) holders seem to be defying the odds.

Despite the overall market turbulence and significant selloffs, the dog-themed cryptocurrency has experienced a noticeable uptick in large transactions over the last 24 hours.

One notable development was the burning of a massive 96 million SHIB tokens in a single transaction, which attracted attention across the community.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Shiba Inu price SHIBUSDT SHIB news Whales SHIB price Shiba Inu SHIBUSD Crypto Shib Whale news Crypto whales Shiba Inu news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 06:30:51 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 22388135

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 18 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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