In August 2023, a significant rise in large transactions of the Shiba Inu token is noted. This event occurs against a backdrop of stable price levels, attracting the attention of analysts.
Rise of Shiba Inu Transactions
From August 10, the volume of Shiba Inu (SHIB) transfers over $100,000 increased from $18 million to nearly $50 million by August 13. This surge happened suddenly and was not accompanied by significant news.
Brief Price Movement Analysis
During this period, the token's price remained between $0.0000126 and $0.0000141. Only on August 12 did it experience a drop to $0.00001262 before bouncing back above $0.000014.
Prospects for Shiba Inu
Future sessions will reveal whether this activity was a one-time occurrence or the beginning of something more significant. If large transactions continue over $40 million and the price reaches $0.0000145-$0.000015, it could lead to a breakthrough important level.
The current situation with Shiba Inu highlights the interest of large investors, which may indicate potential changes in the token's market dynamics.
