Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Shiba Inu whales are once again showing high activity after the weak price performance

Shiba Inu whales are once again showing high activity after the weak price performance

Cryptodnes2024/06/30 22:43
By:Cryptodnes

Whale activity (big investors) in Shiba Inu (SHIB) appears to be recovering after a period of decline and poor market performance for the token.

Onchain data for shib are showing promising signs, with 24 large transactions recorded in the last 47 hours, indicating increased activity among major holders.

READ MORE:
Things could be getting worse for Bitcoin despite the bullish signals

shib noted significant transaction volume, amounting to almost 948 billion in one day, which marks a sharp increase. This comes after a seven-day peak of 6.24 trillion SHIB on June 24, suggesting that large holders may be adjusting their positions.

Despite this sharp spike in activity, SHIB's price remains relatively flat, hovering around $0.000017.

Shiba Inu whales are once again showing high activity after the weak price performance image 0

Market attitudes towards SHIB are mixed. The indicators show an almost balanced fight between buyers and sellers, with a slight advantage for the bears. This indicates that the market remains cautious about SHIB's near-term performance and a significant shift towards buying is unlikely in the near term.

SHARE: SHARES
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Fortunate Trader Strikes Gold with TROLL Coin Boom!

In Brief The trader's $23,000 investment in TROLL coalesced into a $2.5 million portfolio. With entertainment in mind, TROLL coin thrives on community interaction. Memecoin gains come with volatility risks, cautioning prudent investment strategies.

Cointurk2025/08/05 13:25
Fortunate Trader Strikes Gold with TROLL Coin Boom!