Rare Anomaly Breaks Shiba Inu (SHIB) Key Whale Metric

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A rare anomaly has occurred in the Shiba Inu (SHIB) ecosystem, causing significant disruption to one of the whales’ key indicators.data from into the block revealed a peculiar trend: a notable increase in the number of large trades over $100,000 within the past 24 hours.

However, despite this sharp increase in trading frequency, the volume of these trades decreased significantly over the same period.

According to the data, the number of large transactions increased by an astonishing 71.4%, with a total of 204 transactions. This spike in activity usually signals solid bullish market sentiment among large investors.

sauce: into the block

However, what is unusual is the clear contrast observed in these trading volumes. The volume of large transactions represented by Shiba Inu tokens decreased by a staggering 67.3%, from 6.36 trillion SHIB to 2.8 trillion SHIB.

divergence

Furthermore, when measured in dollar terms, the decrease in trading volume amounted to 63.63%, decreasing from $144.76 million to $52.64 million. Interestingly, due to the significant increase in the price of Shiba Inu tokens, the rate of volume decline in dollar terms appears to be low.

SHIB to USD coin market cap

During the same 24-hour period, the token price experienced a notable increase of more than 24%, briefly reaching $0.0000282, but then falling back to $0.0000262.

The complex nature of this anomaly may cause the SHIB community to question its root cause. The question to be asked is whether this unexpected turn of events is due to a glitch in on-chain data calculations, or whether it represents a truly unprecedented event within the Shiba Inu ecosystem.

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Gamza Khanzadaev

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