Crypto Whales Buying Shiba Inu (SHIB) Worth $8 Trillion, Preparing for a Price Increase?

Bittime - On-chain (block chain) data shows a spike in transaction activity worth $8 trillion Shiba Inu (SHIB) involving crypto “whales” in the last 24 hours. This means that big investors are buying up SHIB in fantastic amounts!

Shiba Inu (SHIB) Transactions Surpass $8 Trillion

Based on this data, SHIB transaction volume exceeded $8 trillion (around IDR 128,000 trillion) – far exceeding last week's activity. This spike was also marked by a significant increase in large value transactions (more than $100,000 or IDR 1.6 billion).

There were 140 large value transactions recorded yesterday. Up compared to just 99 transactions at the lowest point in the last seven days. This drastic change indicates a shift in SHIB market dynamics.

Possible Whale Activity Against Shiba Inu (SHIB)

There are several possibilities behind this massive buying action. One of them is the strategy of crypto "whales" to hoard SHIB in preparation for potential price increases in the future.

They may see the current price of SHIB as a profitable entry point to build large token holdings.

In addition, this increase in transaction activity could be a signal of growing interest from institutional investors in SHIB. These big players are increasingly realizing the potential that Shiba Inu has, so they are starting to look at SHIB as an investment opportunity.

It cannot be ruled out that this increase in transaction volume may have been triggered by rumors or the latest development plans related to Shiba Inu and Shibarium (SHIB's special blockchain network).

Information about new initiatives, strategic collaborations, or technological advances in the SHIB ecosystem often triggers increased buying and selling activity. MoreBittime, from the big players.

Beware of Shiba Inu (SHIB) Transaction Volume

In the current conditions, this increase in transaction volume could be a double-edged sword for SHIB. Although in theory it indicates high interest, it does not necessarily have a direct impact on price increases. In fact, the lack of volatility (price fluctuations) could actually be an obstacle to SHIB's growth.

So, how will this SHIB drama continue? Technical analysis shows that SHIB is currently consolidating around the main support level.

Even though the SHIB price looks stable based on the 50-day and 100-day moving averages, a spike in transaction volume has the potential to push SHIB to break through a new resistance level (upper price limit).

Crypto activists are of course closely watching SHIB's movements. Will this massive buying action trigger a significant price increase? Or is it the opposite, the lack of volatility actually hinders SHIB's growth? Let's wait and see how it develops!

Cara Beli Shiba Inu (SHIB) di Bittime

You can buy and sell Shiba Inu (SHIB) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

Shiba Inu (SHIB) available on Bittime with market pair SHIB/USDT. To be able to buy SHIB USDT Of 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.

Study A complete guide on how to buy a Shiba Inu (SHIB) at Bittime.

Monitor graphic movement price 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.