Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Shiba Inu whales are once again showing high activity after the weak price performance

Shiba Inu whales are once again showing high activity after the weak price performance

Cryptodnes2024/06/30 22:43
By:Cryptodnes

Whale activity (big investors) in Shiba Inu (SHIB) appears to be recovering after a period of decline and poor market performance for the token.

Onchain data for shib are showing promising signs, with 24 large transactions recorded in the last 47 hours, indicating increased activity among major holders.

READ MORE:
Things could be getting worse for Bitcoin despite the bullish signals

shib noted significant transaction volume, amounting to almost 948 billion in one day, which marks a sharp increase. This comes after a seven-day peak of 6.24 trillion SHIB on June 24, suggesting that large holders may be adjusting their positions.

Despite this sharp spike in activity, SHIB's price remains relatively flat, hovering around $0.000017.

Shiba Inu whales are once again showing high activity after the weak price performance image 0

Market attitudes towards SHIB are mixed. The indicators show an almost balanced fight between buyers and sellers, with a slight advantage for the bears. This indicates that the market remains cautious about SHIB's near-term performance and a significant shift towards buying is unlikely in the near term.

SHARE: SHARES
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BTC Volatility Weekly Review (November 3rd - 10th)

Core Data (Hong Kong Time, 16:00 on November 3 → 16:00 on November 10) BTC/USD: -1.0% ($1...)

SignalPlus2025/11/11 22:32
BTC Volatility Weekly Review (November 3rd - 10th)

On-chain financial management, danger! Run away quickly!

Is the "neutral" model truly neutral? A series of hidden dangers are lurking beneath the surface.

Chaincatcher2025/11/11 22:21
On-chain financial management, danger! Run away quickly!

A sober reflection on the $2.5 billion FDV: Monad's public offering document reveals the true face of "transparency with restraint"

The Monad (MON) token is about to be publicly sold on Coinbase, with disclosure documents detailing the project architecture, financing, token distribution, sales rules, and risk warnings, emphasizing transparent operations. Summary generated by Mars AI. This summary was generated by the Mars AI model, and the accuracy and completeness of the content are still being iteratively updated.

MarsBit2025/11/11 22:09
A sober reflection on the $2.5 billion FDV: Monad's public offering document reveals the true face of "transparency with restraint"