Shiba Inu whales have been on their toes in the previous 24 hours, with a 75% increase in large transactions

There is a new milestone for the Shiba Inu community as Shibtoken’s official Instagram has over 150,000 followers. Accordingly, based on IntoTheBlock data, SHIB whales have surfaced in the last 24 hours, with a 75% increase in large transactions.

Shiba Inu reaches a new milestone as whales increase transactions by 75%

Large trading spikes are often associated with increased activity from institutional players or whales buying or selling. According to IntoTheBlock, these transactions exceeded $100,000 transferred.

shiba-inu-whales-have-been-on-their-toes-in-the-previous-24-hours

Large Transactions | Source: IntoTheBlock

The third-largest whale on the Ethereum blockchain, marked “Tsunade,” recently purchased 86 billion Shiba Inu tokens in a $2.3 million transaction.

On April 4, it was reported that the US network of Bitcoin crypto ATMs added Shiba Inu, following the addition of Ethereum and Dogecoin to the chain’s reach.

Users can now purchase these cryptocurrencies from Bitcoin of America kiosks and BTC. Dogecoin was added by the network in February, causing the price of the meme coin to spike.

The SHIB Army continues to reduce the circulating supply of the second most popular meme cryptocurrency, Shiba Inu, by burning tokens. Every 24 hours, a certain amount of SHIB is burned to shrink the circulating supply of SHIB gradually.

@shibburn’s team announced that in the last 24 hours, a whopping 179,387,035 SHIB had been burned. In a recent blog post, Shiba Inu-themed Welly fast-food chain confirmed that it would actively participate in the SHIB token burn with the help of crypto payment gateway NOWPayments.

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