• Shiba Inu experiences a remarkable 268% surge in whale activity amid a price rebound.
• Large transaction volumes within the SHIB ecosystem increased dramatically, reaching $98.12 million in 24 hours.
• Shiba Eternity undergoes significant upgrades in its latest version, enhancing player interaction and strategic depth.

Over the past 24 hours, there has been a notable 268% increase in Shiba Inu’s (SHIB) large transaction volumes, valued at over $100,000 each, totaling a substantial $98.12 million.

This surge in whale activity follows a recent uptick in SHIB’s price, which had been on a downward trend for the preceding four days. As SHIB’s value begins to rise again, whales are taking advantage of the opportunity to execute sizable transactions, thereby driving up the overall volume of large transactions within the network.

Data reveals a significant spike in large transaction volumes, jumping from 1.07 trillion SHIB on April 28 to an impressive 4.17 trillion SHIB on April 29. This surge highlights renewed optimism among investors as SHIB recovers from recent lows.

However, amidst this activity, it’s important to monitor large holder netflows, which provide insights into the directional bias of whale positions. In the case of Shiba Inu, there has been a notable negative netflow of 309% over the past seven days, suggesting that whales may be adjusting their positions amid market uncertainty.

At present, SHIB is trading at $0.0000235, reflecting a 4% increase over the past 24 hours, though it has experienced a 12.05% decline over the previous seven days, underscoring the volatility of the cryptocurrency market.

In parallel developments, Shiba Eternity, the popular Shiba Inu-themed collectible card game (CCG), has undergone a significant upgrade with the release of version 1.2.7. This latest update introduces several enhancements aimed at enriching player interaction and strategic depth within the game.

Read also:

• Chainlink’s $338M Transaction Spike Sparks Price Surge Speculation
• Polygon Gas Fees Surge 13,250%: What’s Behind This Incredible Spike?
• Whale Frenzy Boosts Polygon: 3,800% Spike Ignites Bull Run
• Chainlink Surges with Over 400% Spike in Whale Transactions
• Uphold Back Online After Outage Due to 50x Spike in XRP Trading Volume

The post Shiba Inu’s Surge: Whales Drive Massive Transaction Spike appeared first on Crypto News Land.

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