Shiba Inu (SHIB) Dominates the Week with a Remarkable 300% Surge
Shiba Inu (SHIB) has emerged as the star of the week, experiencing an impressive surge of nearly 300% in the past seven days. The surge in prices has prompted significant activity among Shiba Inu tokens, as whales either speculate on the price or transfer tokens for trading purposes.
In the last 24 hours alone, a staggering movement of Shiba Inu tokens amounting to 1.8 trillion has been observed, indicating substantial market dynamics. Furthermore, within the past 48 hours, a massive transfer of 1.25 trillion SHIB tokens was directed to an address labeled “Robinhood 2” on Etherscan.
Tracking the cryptocurrency market reveals three noteworthy transactions involving Shiba Inu, totaling around 1.8 trillion SHIB. In two transactions, approximately 346 billion SHIB was transferred from Wintermute to the Binance cryptocurrency platform, with a combined value of $5,286,935 and $5,550,168, respectively.
Another substantial transaction involved the transfer of 1,450,254,597,018 SHIB, equivalent to $54,846,453, between unknown wallets. On March 4th, an astounding transfer of 1,250,318,249,876 SHIB, valued at $41,329,269, took place from Cumberland to an undisclosed wallet named “Robinhood 2” as per Etherscan.
This significant shift in Shiba Inu tokens is reflected in whale metrics such as inflows and outflows. Funds flow into addresses affiliated with whales, while external flows measure funds exiting. For instance, the Shiba Inu Bank witnessed a slight increase in major contributor inflows, which have been on the rise since February 29th in tandem with the price surge.
Read more Shiba Inu (SHIB) Maintains Momentum Despite Recent Correction
Shiba Inu has demonstrated a 1,043% increase in major holder inflows and a 799% rise in major holder outflows over the past seven days. In positive ecosystem news, Doge Killer (LEASH) has been listed on the CoinEx cryptocurrency exchange, experiencing an 8% increase in the last 24 hours, reaching $0.000036 in response to profit-taking at the time of writing this report.
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