Crypto Paradox: SHIB Price Falls, Transactions Rise

Crypto Paradox: SHIB Price Falls, Transactions Rise



In a surprising development, the cryptocurrency Shiba Inu (SHIB) has seen an extraordinary increase in large-scale transactions, totaling an impressive $110.53 million over the last 24 hours. This information, provided by the on-chain analytics platform IntoTheBlock, indicates a remarkable 275% rise from previous figures, amounting to an enormous 7.22 trillion SHIB tokens.



Interestingly, this significant uptick in activity occurs amidst a notable downturn in SHIB's market price, which fell by over 11%, dropping from $0.00001195 to $0.00001 within a single day.



Despite the broader market slump, there were 186 substantial transactions, each exceeding $100,000, cumulatively accounting for 10.72 trillion SHIB.



Contradicting what one might expect in such a scenario, the Large Holders Inflow data shows that major investors in the


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#Adoption, #Altcoin, #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum

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