Large-value transactions of SHIB tokens increased significantly, with an inflow of 4.34 trillion SHIB within 24 hours

According to U.Today, the liquidity of SHIB tokens reached a staggering 4.34 trillion in the past 24 hours, which represents a significant increase in large-value transactions within the Shiba Inu ecosystem, triggering market speculation and expectations. Latest data from IntoTheBlock shows an increase in whale activity, with inflows increasing by 215%. On April 19, the inflow of SHIB from large households reached 4.34 trillion SHIB, a significant increase from 565.55 billion SHIB on April 17. The number of large-value transactions (transactions worth more than $100,000) is also increasing, with an increase of 58.48%. At the heart of this surge are large investors, known as whales, who have significantly increased their holdings of the cryptocurrency. The inflow of 4.34 trillion SHIB tokens may indicate that whales are concentrating on strengthening their position in the market in anticipation of future price movements or market strategies. While the exact motivation for the surge in whale activity remains speculative, several factors may be contributing to the phenomenon. This may be a response to market trends, upcoming developments within the Shiba Inu ecosystem, or advantageous use cases. The recent volatility and price swings in the cryptocurrency market may have prompted whales to increase their exposure to SHIB tokens in pursuit of potential gains. At the time of writing, SHIB was down 1.18% in the past 24 hours to $0.0000227. SHIB, with a market capitalization of $13.42 billion, ranks 11th on the cryptocurrency rankings and appears poised to re-enter the top 10. Meanwhile, the crypto community keeps a close eye on the Shiba Inu whale’s actions. It remains to be seen whether this surge in inflows will lead to a sustained increase in SHIB’s value, or just a temporary blip. However, one thing is for sure: the flow of 4.34 trillion SHIB has drawn attention to Shiba Inu.