Shiba Inu Reports Over 100% Growth in Active Whale Addresses and Volume Amid Falling Prices
According to WhaleStats analysis, Shiba Inu has seen an almost 100% increase in the addresses and volume of active whales. Shiba Inu follows the general trend of the crypto market and drops 7% to $ 0.0000367. The entire crypto market has collapsed in the past 24 hours, with Bitcoin and almost all altcoins losing value.
WhaleStats analyzed data from the top 100 SHIB holders among the top 1,000 ETH wallets it tracks, offering the results to the public on Twitter.
Over the past 24 hours, the average SHIB balance held by these large entities increased 2.37% to 2.635 billion, and active addresses increased 100% to 14, while the volume also increased by nearly 90 % to $ 17,517,915. at press time.
Peak of large Shiba Inu transactions
WhaleStats analysis indicates that Shiba Inu remains the largest token position in dollar value among ETH whales and the second largest holding after Ethereum. The number of Shiba Inu holders continues to increase and currently stands at 1,097,907, according to WhaleStats data.
IntoTheBlock analysis detects a 10% increase for large Shiba Inu transactions. IntoTheBlock considers large transactions to be over $ 100,000 transferred.
Amid the price decline, major support is seen first at levels of $ 0.000035 to $ 0.000036, where 49,370 addresses bought 13.269 billion SHIB tokens, according to IntoTheBlock’s In / Out of Money. Further support could be at the $ 0.000031 to $ 0.000032 level, where 37,300 addresses bought 4.47 billion SHIB tokens.
Shiba Inu ranks 13th and is trading at $ 0.0000362 at time of publication.