Within the last 24 hours, there has been a substantial increase of 268% in large transaction volumes within the Shiba Inu (SHIB) ecosystem, totaling a noteworthy $98.12 million.

This surge in whale activity is a result of recent price improvements in SHIB after a period of decline. As the value of SHIB begins to recover, whales are seizing the opportunity to conduct significant transactions, leading to an overall rise in large transaction volumes within the network.

Recent data reveals a significant jump in large transaction volumes from 1.07 trillion SHIB on April 28 to 4.17 trillion SHIB on April 29, signaling growing confidence among investors as SHIB rebounds from recent lows.

It is essential to keep an eye on large holder netflows which offer insights into the directional bias of whale positions. In the case of Shiba Inu, there has been a notable negative netflow of 309% over the past week, indicating potential adjustments in whale positions due to market uncertainty.

Currently, SHIB is priced at $0.0000235, showing a 4% increase in the last 24 hours and a 12.05% decrease over the previous seven days, emphasizing the volatile nature of the cryptocurrency market.

Furthermore, Shiba Eternity, a popular Shiba Inu-themed collectible card game (CCG), has introduced significant upgrades with the launch of version 1.2.7. These enhancements aim to enhance player engagement and strategic complexity within the game.