According to IntoTheBlock statistics, whale activity looks to be up 121%, with Shiba Inu whales appearing to be reviving as an important signal.
Shiba Inu exhibiting a 121.84% surge in large transaction volume, an indicator that gauges the total amount transferred in large transactions, or those over $100,000.
The amount of $31.2 million accounted for the monetary worth of large transaction volumes in the previous day, per IntoTheBlock data.
Larger transaction volumes may be a sign of heightened whale activity, either by buying or selling, with 4.22 trillion SHIB moved in the last day alone. Large transaction volume is a pertinent metric that may be used to determine the total amount of crypto that whales transact on a given day.
Shiba Inu (SHIB) may be on the cusp of a significant rally after an important signal appeared on the Shiba Inu weekly chart. The TD Sequential displayed a buy signal on the SHIB weekly chart, according to crypto analyst Ali.
Based on past performance, the previous two bullish turns from this indicator resulted in price increases of 118% and 71%, respectively. Given the precision of such signals, Ali believes it might be critical to maintain a close eye on SHIB.
At the time of writing, SHIB was up 0.57% in the last 24 hours to $0.00000076.
Stock brokerage app Robinhood has announced that Shiba Inu and 14 other crypto assets are available in Nevada as part of its expansion move. Nevada residents and some other U.S. states would be able to buy and sell Shiba Inu on Robinhood with no fees or commission.