According to IntoTheBlock's latest data, there has been a significant decline in large transactions involving the popular Shiba Inu (SHIB) cryptocurrency meme.
In the last 24 hours, the volume of such transactions has dropped by 57%, with a total value of 1.12 trillion SHIB.
In terms of dollar value, transactions exceeding $100,000 have declined from $35.9 million to $14.8 million.
There were 48 transactions of this size during this period. In addition, whale activity has declined, as evidenced by the decrease in both outflows and inflows to portfolios holding at least 0.1% SHIB.
The large holder inflows indicator shows that inflows to these large portfolios have fallen by 61.7% overnight to just SHIB 295.42 billion. Outflows also dropped, reaching SHIB 300.38 billion, a 45.47% decrease from the previous day.
BNB Chain has announced a major update designed to enhance its stablecoin infrastructure by introducing gasless transactions.
Fintech giant Revolut is planning to launch its own stablecoin. Sources indicate that Revolut, which recently secured a U.K. banking license and was valued at $45 billion earlier this year, is progressing well with this initiative.
Whale activity around the Artificial Superintelligence Alliance (FET) has increased dramatically, with large transactions up 262%, as reported in IntoTheBlock data.
WalletConnect is preparing to unveil its new Connect Token (WCT) on the Optimism OP Mainnet, an Ethereum Layer 2 network.