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Large Shiba Inu Transactions Decrease Dramatically

06.09.2024 18:45 1 min. read Alexander Stefanov
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Large Shiba Inu Transactions Decrease Dramatically

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.

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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.

Alexander Stefanov
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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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