Large Shiba Inu Transactions Rise, Whale Balances Increase by 20%

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Large-scale Shiba Inu holders and the whales generally are marching hard again. IntoTheBlock reported that large-sum transactions have jumped on Shiba Inu’s network. The report says it went up by 85% within the last day.

Whales Swung into Full Control

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A transaction on the Shiba Inu network is usually over $100,000. Large transaction increases are, a few times, linked with increased whale activities. Oftentimes, whales are either buying or selling on the network.

WhaleStats conducted an analysis of the leading 100 Shiba Inu wallets. The search revealed a 33% increase in the number of active crypto wallets. It equally revealed that whales are engaging the market with millions of Shiba Inu tokens.

The latest round of accelerated engagement with Shiba Inu tokens necessarily increased transaction volumes. Trading volumes from various whales rose by 28.41% altogether. Whereas, the value of the average Shib token rose by 25.47%, all within 24 hours.

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In the same way, the total net flow rose by 50% in the same period of time. Shiba Inu has, thus, reclaimed its position as the biggest token in the market. It is making real waves among the first 100 Ethereum whales as WhaleStats reported recently.

Therefore, Shiba Inu has achieved a new milestone among holders, which is at its all-time high. WhaleStats says 1,201,904 crypto wallets now possess Shiba Inu tokens, which is unprecedented. 

Shiba Inu’s price mounted the psychological benchmarks of $0.000010 once again. The asset had fallen under the line on the 13th of July. As of the time of putting this together, SHIB trades at $0.00001022.

David Kern Joins SHIB Metaverse Team

Shiba Inu’s team working on its metaverse project has welcomed David Kern onboard. David Kern is joining them as an advisor. 

Kern was previously the technical director at Technicolor Amination and games.  He was also the principal technical artist at Zipper Interactive for Sony.

Shiba Inu is currently in collaboration with Exo Viewer. The partnership is for the integration of Shiboshis from the coming Shiba Inu Games. It will be incorporated fully into the interactive 3D displays, it stated in a tweet.

Characters on Shiboshis will be transformed from their 2D displayed art and rendered in 3D. a release date has not yet been stated for the project.  

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