Shiba Inu (SHIB) Whale Activity Skyrockets 170%!

Bittime - The price of the Shiba Inu token (SHIB) is indeed experiencing a decline. However, there is interesting activity going on behind the scenes! Massive transaction activity, which is usually associated with Shiba Inu (SHIB) snappers, is surging drastically!

Shiba Inu (SHIB) Skyrockets Over 170%

According to data from IntoTheBlock, SHIB large transaction volume jumped 170.84% ​​in the last 24 hours. This means, in 24 hours, big players have poured funds amounting to IDR 7.57 trillion (equivalent to $467.2 million) for SHIB transactions. This figure represents a movement of 21.62 trillion SHIB.

Source: IntoTheBlock

This 170% surge in whale activity has given rise to speculation that the big players are working together to maintain the SHIB price in the crucial range of 39 trillion. 

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IntoTheBlock data shows that as many as 41,640 digital wallets currently hold around 39.68 trillion SHIB. This occurs in the price range of IDR 0.34 (equivalent to $0.000021) to IDR 0.35 (equivalent to $0.000022).

Also read: Shiba Inu Gets Stronger After ShibaSwap Migration to Shibarium

With increasing whale activity, we can see a collective effort to maintain the value of SHIB at this important level. Holders of large amounts of SHIB don't seem to only hope for price stability. 

However, the whales are also actively taking steps to make it happen. If they succeed in maintaining the support level of 39 trillion SHIB, this has the potential to trigger another price increase.

Also Read How to Buy Crypto:

However, it should be noted, the price of Bitcoin has just decreased to a level of around IDR 1,056 billion (equivalent to $66,000) on Tuesday before recovering slightly. SHIB itself also experienced a decline of 1.48% in the last 24 hours. 

Also read: How Many Shiba Inu Tokens Have Been Burned?

This brings the SHIB price to the level of IDR 0.352 (equivalent to $0.00002167). Global markets are on alert ahead of the Federal Reserve's interest rate decision and key US inflation data. 

Crypto investors are also preparing to face the potential for large price fluctuations. In this situation, all eyes are on the next SHIB price movement. Will the whales succeed in maintaining the 39 trillion SHIB level, or will the SHIB price correct further?

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How to Buy Shiba Inu (SHIB) on 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/USDT. To be able to buy SHIB USDT on 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 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:

Shiba Inu Officially Collaborates with CDSA for the Success of Shibarium

Shiba Inu (SHIB) Ready to Hit the Market! What Will Be Released?

Lead Developer: Shiba Inu Remains As Dogecoin Killer

Shiba Inu and Dogecoin Await Breakout with Over 100% Rally

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.