Shiba Inu (SHIB) whale trading up 450%, activity surgesThe Shiba Inu (SHIB) ecosystem has received a huge boost in terms of technical data, with its whale transactions growing by more than 450%. Additionally, there has been a significant increase in online activity. Specifically, daily activity increased by more than 25% in the past 24 hours.According to data from IntoTheBlock, large transactions increased by 454.16% in the past day. This number has since exceeded $112 million, with 34 transactions worth over $100,000 occurring during this period. Instead, the bulls are working to erase a zero and return to the $0.00001 level.Shiba Inu sees surge in activity, boosted by large transactionsIn the field of digital assets, popular popular coins are increasingly becoming one of the most popular coins in the industry. In fact, markets are always looking for ways to increase utility and reduce volatility. Amid these efforts, Shiba Inu has become one of the most sought after coins by investors.While prices haven't risen significantly this year, things may be changing. Specifically, Shiba Inu (SHIB) saw whale trading increase by over 450%. These large transactions are any transfer worth more than $100,000. Data shows that 34 such transactions occurred in the past day.Trading volume increased from 2.18 trillion on Wednesday to over 11.7 trillion a day later. Moreover, this is the highest trading volume in a week. However, this isn’t the only indicator for the popular coin that looks biased towards the upside. The asset’s daily activity increased by over 25%.However, the cryptocurrency is currently trading at $0.0000095, down more than 1% in the past 24 hours, according to CoinMarketCap. Additionally, the asset has struggled over the past few weeks as it struggled to remove another zero from its price. However, there is still hope when monitoring some deeper indicators.Specifically, the holding time of the token traded increased over the past week. Specifically, this number has grown by more than 652% in the past seven days. This may indicate that many SHIB investors are optimistic about the digital asset’s long-term potential. Therefore, time may be the asset's best path to continued price gains this year.
