Shiba Inu Major Transactions Up 122%, Due To Increase In Whale Interest In SHIB


Shiba Inu whales have been more active in the past 24 hours, according to IntoTheBlock data, peaking at 122% in large transactions. Large transaction spikes are usually linked to increased activity from buying or selling whales, and these total over $100,000.

Large trades, courtesy of: IntoTheBlock

Whale Statistics‘ analysis of the top 100 Shiba Inu holders reflects an 8.28% spike in active addresses as crypto whales interacted with billions of Shiba Inu, leading to an increase in the number of large transactions. WhaleStats has detected large Shiba Inu purchases in the last 24 hours.

“BlueWhale0073,” ranked 312th on Whale Statisticsrecently bought 147,846,134,326 SHIB worth $1,562,733.

SHIB also resurfaced as one of the top 10 tokens bought by the top 5,000 ETH whaleswho now own $627,497,979 in SHIB.

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Bitrue Launches New Yield Farming Option for SHIB

Bittrue has launched a new yield farming option for Shiba Inu, allowing holders to earn on their tokens. As mentioned on the blog post, there are three Shiba Inu pool options, each with its own lockup days, caps, and APY. Users can choose the one that best suits their needs and start earning incentives.

Last week, cryptocurrency exchange MEXC Global announced the listing of SHIB/USDC, allowing users to trade Shiba Inu against Circle’s USDC stablecoin.

At the time of publication, Shiba Inu traded down at $0.00001073. Due to the volatility experienced across the board in May, Shiba Inu remains nearly 46% lower this month. Despite price drops, Shiba Inu has added nearly 32,000 holders since early May as the current number of holders stands at 1,171,385, according to WhaleStats data.



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