Shiba Inu (SHIB) Whale Transactions Jump 197% in 24 Hours: Is a Supply Squeeze Coming?
Shiba Inu (SHIB) whales are making significant moves on the market, and the numbers are staggering. Large transactions, defined as those exceeding $100,000, have increased by a remarkable 197% in the last 24 hours. This surge in activity suggests significant strategic maneuvering by major SHIB holders.
In a rather surprising development, Shiba Inu SHIB has seen its whale transactions jump a remarkable 197% in just 24 hours. Indeed, these large-scale transactions are reshaping the meme coin's landscape. With almost 1.9 trillion SHIB transferred in the last 24 hours, big whale transactions involving Shiba Inu have experienced a surge. It is possible that it indicates a shift in market sentiment or strategic accumulation.
Shiba Inu's Daily Transaction Volume Soars
Shiba Inu's daily transaction volume surged to nearly four trillion SHIB, marking a significant increase driven by whale-tier trades. This dramatic spike highlights the growing interest and potential volatility surrounding the popular meme coin.
Whales Accumulating SHIB: A Supply Squeeze on the Horizon?
Data from Santiment reveals that whales hold 530 trillion SHIB tokens since January 2025. This accumulation may cause a supply squeeze for the top meme coin, potentially driving up its price as availability decreases. The concentration of SHIB in the hands of these large holders warrants close monitoring.
What's Behind the Whale Activity?
The exact reasons behind this increased whale activity remain speculative. Potential factors include: anticipation of upcoming SHIB developments, market correction strategies, or long-term investment plays. Regardless of the motive, these large transactions are undoubtedly impacting the Shiba Inu ecosystem and warrant close observation by investors and enthusiasts alike.