Shiba Inu Coin Sees 220% Surge in Large Transactions

Shiba Inu Coin Sees 220% Surge in Large Transactions

By
Hiroshi Yamamoto
1 min read

The recent growth metrics for Shiba Inu (SHIB) are indicating a potential major price comeback, as large transaction volume has surged by 220.57% to reach $141.7 million. The increase in large transactions, defined as SHIB deals worth at least $100,000, demonstrates significant positive momentum over just two days. This surge also reflects a notable uptick in the SHIB valuation, dollars worth, pointing towards a sustained recovery. Notably, Shiba Inu whales have historically played a pivotal role in boosting its price, and the recent surge in large transactions aligns with its trajectory towards a sustainable breakout. With Shiba Inu currently changing hands for $0.00002966 and maintaining a positive growth streak, it is poised to retest the $0.00003 level, potentially signaling an ultra bullish breakout. This favorable trend suggests a promising outlook for SHIB's price rally.

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