Bittime -The price of Shiba Inu (SHIB),cryptocurrency, is indeed experiencing a decline. However, there is good news that needs to be taken into account. SHIB large transaction volume jumped sharply by 61.39%. This increase is often associated with the activity of crypto whales.
Shiba Inu Crypto Whales Are Active Again
Large transaction volume is an important indicator that shows the total value of transactions made by whales in one day. A large increase in transaction volume usually indicates high whale activity, both in buying and selling.
Check Today's Crypto Market:
In the last few days, the volume of large SHIB transactions above $100,000 has actually decreased. A significant decline occurred from 6.36 trillion SHIB on April 19 to 2.06 trillion SHIB on April 20. Since then, the volume of large SHIB transactions has tended to stagnate between 2 trillion SHIB and 3.73 trillion SHIB, before then surging on April 24.
Also read: 5 Crypto Coins That Investors Have a Chance to Attack in May 2024
Large transaction volume jumped from 3.73 trillion SHIB on April 23 to 6.23 trillion SHIB on April 24. The value of major transactions in the last 24 hours reached $162.45 million, which is the highest figure in the last seven days.
The Emergence of Positive Signals in the Midst of Market Correction
The reappearance of large SHIB transaction activity is interesting to note because it coincides with a broader market correction. Major cryptocurrencies saw drops of between 4% and 20%. Shiba Inu did not escape selling pressure, its price fell 8.69% in the last 24 hours to $0.00002486, even though it had risen 13% in the previous seven days.
Also Read How To Buy Crypto:
Therefore, increased whale activity could signal renewed interest in this dog-themed token. This is not surprising, considering that whales often take advantage of correction periods to buy assets at cheaper prices.
This increase in transaction volume may indicate that large investors are starting to re-enter the market, most likely in anticipation of future price movements.
Shiba Inu
The return of SHIB whale activity also comes amidst increasing interest in the project. Shiba Inu recently raised $12 million in funding, further establishing them as an important player in the crypto market.
Investors and traders will continue to monitor SHIB whale activity and overall market trends for clues as to the next direction of SHIB price.
How to Buy Shiba Inu (SHIB) from Bittime
You can buy and sell Shiba Inu (SHIB) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Shiba Inu (SHIB) is available on Bittime with the market pair SHIB/IDR . To be able to buy SHIB IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Shiba Inu (SHIB) on Bittime .
Monitor the price chart movements of Shiba Inu (SHIB) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Solana Impacted by Memecoin, Stellar Focuses on Interoperability, Kelexo Ready to Launch!
Slothana Raises $15M VS Shiba Inu Gets $12M: Which Meme Coin Has the Most Promise?
Franklin Templeton vs BlackRock: US Government Fund Tokenization War on Blockchain
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Associated with
Comments
0 comments
Please sign in to leave a comment.