Shiba Inu also ranked among top 10 assets traded by whales
According to data from IntoTheBlock, Shiba Inu whales or large holders swung into action with a 154% increase in large transactions over the past 24 hours. The increase in large transactions is usually associated with increased activity by whales, who are either buying or selling and often exceed $100,000. Most Shiba Inu price moves often coincide with a spike in large transactions.
According to crypto data tracker WhaleAlert in two lumps, 3,377,867,790,724 SHIB worth $37,375,684 and another 3,914,263,607,418 SHIB worth $42,932,556 were moved in between wallets. Shiba Inu saw a massive spike on Oct. 27 to reach highs of $0.0000118 but has since returned to trade near $0.0000106.
WhaleStats analysis of the top 100 Shiba Inu holders also showed a 50% spike in active addresses as crypto whales interacted with billions of Shiba Inu, leading to an increase in the number of large transactions. The average SHIB balance in this category of whale has increased slightly (2.45%) over the past 24 hours.
Shiba Inu also ranked among the top 10 assets in terms of trading volume among the 2,000 biggest ETH whales.
Currently, the top 500 ETH whales are holding $133,187,605 worth of SHIB. According to CoinMarketCap, the Shiba Inu was trading at $0.00000106 at the time of publication, up 1.75% over the past hour and down 3.99% overall over the past 24 hours.
Shiba Inu gains “hodlers”
According to IntoTheBlock’s data on holder composition by time held, 40% of SHIB holders have “hodled” their tokens for more than a year, 57% have held within a year and 3% have held onto their tokens for less than a month.
As previously reported, the percentage of long-term holders, or “holders”, was given at 38% as of October 26. Means increase in current 40%.
