The Shiba Inu (SHIB) ecosystem has seen a unique aberration that has seriously disrupted one of its most important whale parameters. An odd pattern has been shown by IntoTheBlock data, which shows a sharp rise in the quantity of significant transactions that have over $100,000 in the last day.
The amount of these transactions has significantly decreased during the same time period, despite this spike in transaction frequency.
The data shows that there were 204 big transactions, an astounding 71.4% increase in transaction volume. Large-scale investors would normally have a strong and positive opinion towards the market based on this spike in activity.
The unusual thing, though, is the huge disparity in the number of these transactions. Shiba Inu tokens were used to represent huge transactions, and their volume fell dramatically by 67.3%, from 6.36 trillion SHIB to 2.08 trillion SHIB.
Divergence
Moreover, the transaction volume decreased by 63.63%, from $144.76 million to $52.64 million, when expressed in currency equivalents. It’s interesting to note that the significant price increase of the Shiba Inu token makes the proportion of volume reduction in dollar terms look lower.
The coin had a notable surge in price of more than 24% in a single day, momentarily hitting $0.0000282 before retreating to $0.0000262.
The SHIB community may wonder what is causing this oddity because of how puzzling it is. It is worth asking if this unanticipated turn of events is the result of an error in the on-chain data computations or if it is a real and unprecedented event in the Shiba Inu ecosystem.
