BlocksInform
Appears as shib a bondi | source: shibusd on tradingviewfeatured picture of thomas lipke on unsplash.com, tradingview.com graphics, santiment.net. That's what it can mean in terms of the price of the piece itself.
This is what it can mean for the price of the piece itself.
According to data from the on-chain analytics firm Santiment, not just SHIB, but Cardano (ADA) and Hex (HEX) have also seen high whale activity in the last few days. The relevant indicator here is the “whale transaction count,” which measures the total number of transfers taking place on the network that involve a movement of coins worth at least $100,000.
When the value of this metric is high for any cryptocurrency, it means whales of that particular coin are making a large number of transfers right now. When this metric is high for any cryptocurrency, it means that the whales in that particular coin are doing a lot of transfers right now.
Such a tendency shows that these gigantic holders have an active interest in asset trading at the moment. Such a trend shows that these gigantic owners have an active interest in asset trading today.
Now, here is a chart that shows the trend in this indicator for Shiba Inu, Cardano, and Hex over the last few months:
The value of the metric seems to have been high for all these assets in recent days | Source: Santiment on Twitter
Now, here is a graph showing the trend of this indicator for Shiba Inu, Cardano, and Hex in recent months: As a consequence of that, A tally of large whale transactions may indicate that volatility may be imminent for the particular item.now, Here is a graph that shows the evolution of the shiba inu indicator, cardano, and hex over the last few months:For this reason, a count of large whale transactions may indicate that volatility may be imminent for that part.as shown in the above graph, the number of transactions in shiba inu whale has skyrocketed recently, reaching the highest value since January 17.
This means that SHIB whales have carried out many transfers in recent days. Related reading: bitcoin addiction: Spanish detox center provides mental advice for crypto depreressioncardano and hex also seem to have recorded high values of the indicator recently, and as far as they're concerned, Peak numbers were highest since May 11 and November 6, respectively.
This suggests that whales have been very active in the trade in these spare parts as well. As noted above, markets where these huge holders are active have generally experienced significant volatility in the near future.
Since shib, ada, and hex all watch such a rise at this time, it is possible that they may also see significant price movements soon. However, it is difficult to say with certainty in which direction such volatility might take these cryptocurrency prices.
This will be important for both Bitcoin and Crypto. Related reading: it will be important for bitcoin and crypto this week on last month's 17th, when shiba inu has already experienced a strong activity of this cohort, the piece meme continued to see a general ascension that continues.
This could mean that the whales actively purchased the property at the time. This can mean that the whales actively purchased the property at the time.
If these investors have a similar trend now too, then SHIB may feel a positive impact this time too.
Looks like SHIB has surged | Source: SHIBUSD on TradingView
