Shiba Inu Large Transactions Rise as Whales’ Balances Grow 20%

SHIB

Shiba Inu has reclaimed biggest token position among top 100 ETH whales

Shiba Inu whales, or large holders, are on the move, according to data from IntoTheBlock, with large transactions up 85% in the past day. A transaction is often over $100,000, and large transaction spikes are sometimes associated with increased activity from whales buying or selling.

The top 100 Shiba Inu holders analyzed by WhaleStats also showed a 33% rise in active addresses as crypto whales engaged with millions of Shiba Inu coins, increasing the volume of large transactions. Whales’ trading volumes and the average Shib value rose by 28.41% and 25.47%, respectively, in the last 24 hours. The netflow increased by 50% as well.

Shiba Inu has reclaimed the highest symbolic position among the top 100 ETH whales, according to WhaleStats Data. Shiba Inu has reached a new owner milestone, which is an all-time high. According to Whalestats, 1,201,904 addresses now hold Shiba Inus.

Shiba Inu’s price reclaimed the psychological level of $0.000010 after falling below it on July 13. When this article was published, SHIB was trading down 3% at $0.00001022.

Shiba Inu welcomes David Kern to the SHIB Metaverse team

Team Shiba Inu welcomed David Kern to Team Shib’s Metaverse as an advisor. David Kern previously served as Technical Director for Animation and Technicolor Games and Senior Technical Artist for Sony at Zipper Interactive.

Shiba Inu is collaborating with Exo Viewer to integrate Shiboshis from the upcoming Shiba Inu Games into interactive 3D displays, according to a recent tweet. Shiboshi characters will transition from their 2D artwork to 3D renditions. No release date has yet been specified. #Shiba Inu (SHIB) News

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