The Shiba Inu currency has witnessed unprecedented activity from major investors in recent hours, with 406 massive transactions recorded, each exceeding $100,000 in a single day, according to data from the analytics platform Santiment. This figure represents the highest level of whale activity since June 6th, reflecting a notable return of interest in this well-known digital currency.
The data indicates that this sharp rise in whale movements could pave the way for a period of strong volatility in the price of SHIB in the coming days, especially as it coincides with significant changes in trading reserves on centralized platforms.
Adding over 1 trillion SHIB to trading platforms coincided with the surge in whale activity, with approximately 1.06 trillion SHIB added to the reserves of trading platforms. This net change in balances suggests that major holders of the currency have transferred large amounts of their holdings to the platforms, instead of keeping them in self-storage wallets.
These movements show levels not recorded for about six months, reflecting a clear shift in the positioning of whales within the Shiba Inu market. Although the data does not directly clarify the ultimate intention behind these transfers, the overall trend indicates a potential readiness for trading or asset redistribution.
