Shiba Inu whales have been more active in last 24 hours
Shiba Inu whales have been more active over the past 24 hours, according to data from IntoTheBlock, with a 122% spike in large transactions. Large increases in transactions are usually linked to increased activity from whales buying or selling, and these total over $100,000.
WhaleStats’ analysis of the top 100 Shiba Inu holders reflects an 8.28% spike in active addresses as crypto whales interacted with billions of Shiba Inu, leading to an increase in the number of large transactions. WhaleStats has detected large Shiba Inu purchases in the last 24 hours.
“BlueWhale0073”, ranked 312th on WhalesStatsrecently purchased 147,846,134,326 SHIBs worth $1,562,733.
SHIB also resurfaced as one of the top 10 tokens purchased by the top 5,000 ETH whales, who now own $627,497,979 worth of SHIB.
Bitrue Launches New Yield Farming Option for SHIB
Bitrue launched a new yield farming option for Shiba Inu, allowing holders to earn on their tokens. As noted on his blog post, there are three Shiba Inu pool options, each with their own lock days, caps, and APY. Users can choose the one that best suits their needs and start earning incentives.
In the past week, cryptocurrency exchange MEXC Global announced the listing of SHIB/USDC, thus allowing users to trade Shiba Inu against Circle’s USDC stablecoin.
At press time, Shiba Inu was trading at $0.00001073. Due to widespread volatility in May, the Shiba Inu remains down almost 46% for the month. Despite the price drop, Shiba Inu has added nearly 32,000 owners since the start of May, with the current number of owners standing at 1,171,385, according to data from WhaleStats.
