According to data from IntoTheBlock, there has been a significant increase in the volume of large transactions involving the Shiba Inu token since June 1, with a growth of 310.69% or $10.7 million. These transactions must be at least $100,000 to be considered.
The recent surge in large transactions indicates a phase of accumulation, but caution should be exercised when interpreting these metrics as evidence of an imminent price increase. Monitoring both on-chain metrics and broader market trends will provide a more comprehensive understanding of the potential price action of the Shiba Inu token in the coming days.
