According to WhaleStats’ study of the top 100 Shiba Inu owners, the 24-hour trading volume for this category of addresses has increased by over 341 percent. Furthermore, according to IntoTheBlock data, Shiba Inu whales have grown more active in the last 24 hours, with the number of major transactions increasing by 112 percent.
Increases in large transactions frequently indicate increased activity from institutional participants, or whales, who are either buying or selling.
SHIB was also listed as one of the top ten ETH whales by trading volume in the last 24 hours by WhaleStats. In addition, a review of the top 100 Shiba Inu holders on WhaleStats shows an 11.56 percent increase in the average SHIB value of these investors’ holdings. Over the last 24 hours, active addresses and netflow have both climbed by more than 28.57 percent and 107 percent, respectively.
Shiba Inu increases by 15% as the number of owners increases by approximately 33,000.
Shiba Inu’s price fell to $0.0000101 on May 27 before recovering. SHIB was trading up about 15% at $0.0000119 at the time of publication, setting up for the third straight day of bullish price activity. The recent price gain marks a more than 40% increase from the month’s low of roughly $0.00000859.
Shiba Inu has also garnered over 33,000 owners in just a few days. According to WhaleStats, there are presently 1,172,508 SHIB holders. As previously reported, the count stood at 1,139,916 at the end of April. The consistent increase is still a good indicator. Although a rise in holders may not affect the price immediately, it may signal long-term interest in an asset.
Apart from attracting new holders, the meme token’s acceptance is steadily increasing. According to Shibainuart, the soccer team “El Talita Csyd” from Argentina will wear Shiba apparel.
Shiba Inu has added Marcie Jastrow and Sherri Cuono to its Metaverse team in the last week. Both will contribute their wealth of experience to the expansion of the SHIB: The Metaverse, which debuted at the end of March.