Shiba Inu (SHIB) Whale Activity Surges More Than 240%

With the ecosystem primed to potentially receive a huge boost, Shiba Inu (SHIB) has seen its whale activity surge more than 240%. Indeed, large transactions have increased from 1.02 trillion to 2.48 trillion in the last 24 hours according to IntoTheBlock data.

Specifically, these whale transactions have skyrocketed by 243% and showcases what is a massive increase in activity. Moreover, the value of these large transactions surged from $9.97 million to an astronomical $24.25 million in just a single day. Subsequently, the Shibarium network has also seen a massive milestone reached amid the increased activity.

Also Read: Shiba Inu [SHIB] Forecasted To Hit 50 Cents: Here’s When

Shiba Inu Large Transactions Jump by More Than 1 Trillion SHIB in 24 Hours

Almost two months into the new year, 2024 has proven to be a positive one for the digital asset market thus far. Bitcoin (BTC) has confidently ascended beyond the $51,000 level, and Ethereum (ETH) has surpassed $3,000 for the first time in two years. Meanwhile, one of the most popular meme coins has also seen increases in some important statistical categories.

Indeed, Shiba Inu (SHIB) has seen whale transactions increase by more than 240% over the last 24 hours alone. Specifically, over the last day 44 transactions worth more than $100,000 have been recorded. Therefore, showcasing renewed interest from large-scale holders.

Also Read: Shiba Inu: SHIB Turns $3,600 Into $19 Million in 3 Years

Additionally, Shibariumscan has overseen a massive milestone reached by the ecosystem’s layer-2 blockchain, Shibarium. Specifically, the network has reached a new record in terms of its transactions. The number of transactions on the network has exceeded 360 million after two months of lessening transfers.

Moreover, daily transactions have also jumped noticeably for the Shiba Inu network. The figure has once again returned to the 3 million level, with that figure below one million at the tail end of last week. altogether, the data shows that interest and activity within Shibu has been at a good pace.

Currently, SHIB is trading at $0.0000096 and is down more than 1.5% over the last 24 hours according to CoinMarketCap. Although that figure is down, there is no denying the resolve of the SHIB Army. Especially as they have shown their desire to eliminate another key zero from its price. However, only time will tell if the $0.00001 level is in the cards for the meme coin.