Crypto Paradox: SHIB Price Falls, Transactions Rise

Crypto Paradox: SHIB Price Falls, Transactions Rise

In a surprising development, the cryptocurrency Shiba Inu (SHIB) has seen an extraordinary increase in large-scale transactions, totaling an impressive $110.53 million over the last 24 hours. This information, provided by the on-chain analytics platform IntoTheBlock, indicates a remarkable 275% rise from previous figures, amounting to an enormous 7.22 trillion SHIB tokens.



Interestingly, this significant uptick in activity occurs amidst a notable downturn in SHIB's market price, which fell by over 11%, dropping from $0.00001195 to $0.00001 within a single day.



Despite the broader market slump, there were 186 substantial transactions, each exceeding $100,000, cumulatively accounting for 10.72 trillion SHIB.



Contradicting what one might expect in such a scenario, the Large Holders Inflow data shows that major investors in the


First found on: https://coinatory.com/cryptocurrency-news/shib-price-falls-trans-rise-15799/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP

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