$SHIB #written2earn According to a commentary on Shab Quoin,
In recent days, SHIB large transaction volume has dropped by over $100,000. SHIB saw a significant drop in large transaction volume, falling from 6.36 trillion SHIB on April 19 to 2.06 trillion SHIB on April 20. Since then, Shiba Inu's large transactions have been stable between two trillion SHIB and 3.73 trillion SHIB, as of April 24. The volume of large transactions increased from 3.73 trillion SHIB on April 23 to 6.23 trillion SHIB on April 24. The financial value of large transactions in the last 24 hours reached $162.45 million, a seven-day high. This increase in large transaction volume is particularly notable because it coincides with a broader market downturn, with major cryptocurrencies losing between 4% and 20%. Despite a 13% gain over the past seven days, Shiba Inu was not immune to the bearish trend, falling 8.69% to $0.00002486 in the past 24 hours. A resurgence of whale activity could indicate renewed interest in the dog-themed token, especially since whales often use correction periods to rally at a discount. An increase in transaction volume may suggest this.
#writr2earn U.S. Treasury’s refinancing announcement, detailing the three-month borrowing needs and the balance to be held in the Treasury General Account, is due on May 1. The gross issuance of bonds is likely to decline for the first in two years, offering relief to markets. Risk assets will likely rally if the TGA target is maintained at or lowered from the current $750 billion.
$SHIB Shiba Inu Key Metric Skyrockets by 61% as SHIB Whales Return
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a significant 61.39% increase in large transaction volume, which is usually suggestive of whale activity Large transaction volume is a crucial measure from IntoTheBlock that indicates the total amount transacted by whales on a particular day. Spikes in large transaction volumes point to high activity among whales, either buying or selling.
In recent days, there has been a decrease in the volume of large transactions for SHIB that exceed $100,000. SHIB reported a considerable reduction in large transaction volume, falling from 6.36 trillion SHIB on April 19 to 2.06 trillion SHIB on April 20.