Shiba Inu Records Over 100% Growth in Active Whale Directions and Volume Amid Falling Prices
According WhaleStats In analysis, Shiba Inu has seen a near 100% increase in the directions and volume of active whales. Shiba Inu follows the general trend of the crypto market and drops 7% to $ 0.0000367. The entire cryptocurrency market is trading lower in the last 24 hours, with Bitcoin and almost all altcoins losing value.
WhaleStats has analyzed data from the top 100 SHIB holders out of the top 1000 ETH wallets it tracks, offering the results to the public on Twitter.
In the last 24 hours, the average SHIB balance held by these large entities has increased by 2.37% to 2,635 million, and active addresses have grown by 100% to 14, while the volume has also increased by almost a 90% to $ 17,517,915. at press time.
Shiba Inu large transaction spike
WhaleStats analysis indicates that Shiba Inu remains the largest token position by dollar value among ETH whales and the second largest position after Ethereum. The Shiba Inu keeper count continues to rise and currently stands at 1,097,907, according to data from WhaleStats.
IntoTheBlock The analysis finds a 10% increase for large Shiba Inu transactions. IntoTheBlock considers large transactions those that exceed $ 100,000 transferred.
Amid the price drop, major support is forecasted first at the $ 0.000035 to $ 0.000036 levels, where 49,370 addresses have purchased 13.269 billion SHIB tokens, according to IntoTheBlock’s In / Out of Money. Another support could be at the $ 0.000031 to $ 0.000032 level, where 37,300 addresses have bought 4.47 billion SHIB tokens.
Shiba Inu is ranked 13th largest and is trading at $ 0.0000362 at press time.