Shiba Inu Whale Activity Surges 240% Sparking Increased Price Volatility
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The Shiba Inu (SHIB) cryptocurrency has recently experienced a notable increase in whale activity. Data from IntoTheBlock indicates that large transaction volumes have surged by over 240% in the last 24 hours. This substantial increase in whale transactions has led to heightened price volatility for SHIB, creating a more unpredictable market environment.
The sudden spike in whale activity is likely to draw the attention of investors and market analysts. These large transactions can have a significant impact on the price of SHIB, as they often indicate substantial buy or sell orders that can swing the market in either direction.
IntoTheBlock's data serves as a valuable tool for those looking to understand the dynamics of SHIB's market movements. Investors should keep an eye on these whale activities to better navigate the volatile landscape of cryptocurrency trading.
The post highlighting this surge in whale activity and its impact on SHIB appeared on COINOTAG NEWS, providing further insights into the current market conditions of Shiba Inu.
Source: en.coinotag.com ↗
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