Shiba Inu Sees Unusual Spike in Large Transactions Despite Volume Drop
Table of contents
Volume Decline Amid Transaction Surge
Despite the growth in transaction numbers, the total volume of large SHIB transactions experienced a significant drop. The volume fell from 3.21 trillion SHIB to 1.11 trillion SHIB, a decline of approximately 65.4%. In dollar terms, this translates to a reduction from $43.52 million to $15.01 million.
Average Transaction Size Decreases
This shift in market behavior can be attributed to a change in the average size of these transactions. The average transaction size dropped from $1.32 million to $357,380 within the same time frame, indicating a more distributed flow of assets among large holders. While this amount is lower than the previous day’s average, it still exceeds typical transaction sizes, pointing to sustained interest from “whales.”
What Does This Activity Mean for SHIB?
The increase in the number of large transactions, paired with the drop in total volume, raises questions about investor strategies. It’s possible that large SHIB holders are redistributing assets in smaller portions, or preparing for upcoming market movements. This unusual activity reflects continued interest in SHIB, despite fluctuations in transaction size and volume.