Shiba Inu (SHIB) has experienced high activity over the last 24 hours as token holders actively sell their assets. Over 1.6 billion SHIB tokens have been registered on Binance in this timeframe.
SHIB Token Operations on Binance
According to CoinMarketCap data, 1,638,482,915 SHIB tokens have been registered on Binance during this period. This indicates high engagement from traders in the meme coin sell-off.
Current Price and Recovery
As of the time of publication, SHIB is priced at $0.00001159, representing a 1.16% decline over the last 24 hours. However, the price may rebound to $0.00001165, previously supported.
SHIB Holder Activity
Recent significant transactions could lead to a price reset for Shiba Inu. The activity of major investors, known as 'whales', has surged by over 1,010% in recent days, indicating potential bullish action. Whale inflow levels are at a six-month high.
Given the activity on Binance and the potential increase in interest from significant investors, the Shiba Inu market may be expecting positive price movements in the near future.
