Shiba Inu Sees Surge in Average Transaction Size, Indicating Increased Whale Activity

According to U.Today, Shiba Inu has experienced a significant increase in the average transaction size, suggesting a growing presence of large-scale investors, or 'whales', in the market. This rise could lead to an increase in the overall number of large transactions and subsequent market volatility. Over the past week, the average transaction size for SHIB has impressively risen to $25,339, peaking at $42,860. This increase could have significant implications for price movements and overall market dynamics, indicating that larger investors are becoming more active in the Shiba Inu market. During this period, a considerable amount of variability was observed, with the lowest average transaction size being $8,023. This highlights the ongoing changes in investor behavior. This trend is also mirrored in the average balance in SHIB wallets. Over the past week, the average balance has been approximately $18,983, with a high of $20,442 and a low of $18,032. The average balance appears stable, suggesting that larger holders are maintaining their positions despite occasional market fluctuations. This could provide a strong foundation for future price movements. There has also been a noticeable increase in the number of large transactions. In the last 24 hours alone, there have been 361 large transactions, with a seven-day high of 584 transactions and a low of 102. This activity further underscores the growing involvement of major players in the SHIB market. The total volume of large transactions reached a seven-day high of 11.65 trillion SHIB, indicating significant market liquidity and activity. The volume of large transactions reached 6.93 trillion SHIB the previous day. As whales continue to accumulate and trade larger quantities of SHIB, increased market volatility can be expected.