According to WhaleStats’ research of the top 100 Shiba Inu holders, the 24-hour trade volume for this category of addresses has increased by approximately 880 percent. Furthermore, according to IntoTheBlock data, Shiba Inu whales have become more active in the last 24 hours, with the number of major transactions increasing by 82%.
Increases in large transactions frequently indicate increased activity among institutional participants, or whales, who are either buying or selling.
Shiba Inu briefly held the top traded token among whales until losing it to ENS at the time of publication.
The top 100 Shiba Inu owners have also boosted their portfolios, with WhaleStats reporting a 178.87 percent growth in the average SHIB balance of this investment category. Their portfolio’s average SHIB value has likewise increased by 180.48 percent. Volume and active addresses have increased by 880 percent and 18.18 percent, respectively, in the last 24 hours, indicating solid indicators.
Shib adoption is increasing.
Shiba Inu (SHIB) has gained roughly 200,000 new holders since the beginning of 2022, after achieving one million holders at the end of 2021, and the meme token’s acceptance is expanding.
According to a tweet by main Shiba Inu developer Shytoshi Kusama on March 9, Shiba Inu Türkiye had a face-to-face session with lawmakers from the Turkish parliament, chaired by Mustafa Elitaş, during which SHIB ecosystem adoption was addressed.
With a plethora of partnerships and listings, SHIB has had a fantastic start to the year. Binance, a well-known cryptocurrency trading platform, has introduced a fresh giveaway of $100,000 in Shiba Inu tokens to new customers today. “Beds To Go,” an American mattress store, has also stated that Shiba Inu will be accepted as payment.