Behind the 5 % increase in activities in the Shiba market; What are the whales signal?

Study time: <1 Minutes

In the last two days, the activity of Shiba Ino’s whales has increased by more than 5 %. Intotheblock platform data shows that the output of large wallets associated with centralized currency exchanges has increased from 2 billion token on August 7 to 1.2 billion token on August 7. This dramatic growth occurred as shib rises from $ 1.2 to $ 1.2.

Typically, whales or large holders are addresses that contain more than 1.5 percent of the working supply, including large investors and some currency exchanges such as Binens, QuinnBis and Upbite. The exit of this token volume from these wallets usually indicates their transfer to private wallets and accumulation.

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This, along with the rise in the price of Shiba, shows the will of the big investors to maintain assets and expect them to grow prices.

If this trend continues and the active supply of Shiba in the currency exchanges is reduced, there is a possibility of a faster rise in Shib.