Without a question, the Shiba Inu (SHIB) ecosystem is among the strongest currently existing, with a wide range of measures available to assess its relative development patterns. The meme coin is seeing positive momentum in its big transactions, or transactions of over $100,000, according to data from the cryptocurrency analytics portal IntoTheBlock (ITB), with a surge of nearly 10% over the previous week.
SHIB whales in action
SHIB whales have made huge trades of up to $12.65 million in the last week, according to statistics taken from the page.
In the week-to-date (WTD) period, 45 transactions were logged in total. The weekly high of 5.25 trillion SHIB in transaction volume has been surpassed, but the milestones achieved in the preceding seven days show that interest in the protocol is still growing.
Other Shiba Inu on-chain measures that are now below the threshold have been lessened in significance because to these whale transactions. The total profitability of SHIB token holders is one of these. Up to 73.32% of SHIB holders are currently in the red, or out of pocket, according to ITB data.
In the Shiba Inu ecosystem, there is a clear trade-off in that, despite the protocol’s best attempts to provide value to its members, paradise has not been reached.
SHIB’s core milestone after three years
Today marks the third anniversary of the Shiba Inu ecosystem, with supporters listing the significant accomplishments and turning points that have occurred since its founding.
Launching Shibarium, the meme coin’s Ethereum-based Layer 2 protocol, is one of the major achievements. Shibarium is officially scheduled to launch on the mainnet this month, marking a significant milestone for the fledgling meme coin industry after months of operation on the testnet.
It is believed that the advent of Shibarium would allow Shiba Inus to enter their highly sought-after promised land.
