Shiba Inu Spikes 516% In Daily Transactions, 220% For Whales: Trader Says 'SHIB History Repeats Itself'
Portfolio Pulse from Khyathi Dalal
Shiba Inu (CRYPTO: SHIB) has seen a significant increase in daily transactions, whale activities, and total value locked, indicating a resurgence in interest and activity. The token's transactions surged to 412,270, a 516% increase, and whale transaction volume rose by 220.6% to $141.7 million. Additionally, Shiba Inu's total value locked reached a new all-time high of $3.77 million. This positive momentum is supported by its listing on Bitcoin.com.au and its popularity in Europe. The meme coin sector is entering a super cycle phase, highlighting the importance of strategic cryptocurrency exchange choices.
March 26, 2024 | 7:32 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shiba Inu has experienced a significant uptick in daily transactions, whale activities, and total value locked, indicating a strong resurgence and increased investor interest.
The substantial increase in daily transactions and whale activities, along with a new all-time high in total value locked, suggests a strong resurgence in Shiba Inu's market activity and investor interest. This positive momentum, coupled with its listing on a major Australian exchange and high popularity in Europe, positions SHIB for potential short-term gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100