U.Today - In a stunning turn of events, the Shiba Inu token, SHIB, has experienced an unprecedented surge in its price, resulting in a fourfold increase in significant transactions involving the popular cryptocurrency. According to blockchain analytics platform , an astounding surge has been witnessed in transactions valued at $100,000 or more.
In just the past 24 hours, these high-value deals involving the skyrocketed by an astonishing $56.78 million, reflecting an impressive growth of 390%. This surge alone contributed to a staggering 6.97 trillion SHIB, pushing the total transactions in the past day to a remarkable figure of 9.57 trillion.
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Shiba Inu (SHIB) soars 10%
SHIB to USD by It can be predicted that the SHIB token will continue to ride the waves of the marketwide trend, with any future price fluctuations unlikely to be influenced solely by its own narratives. Until the SHIB community receives , a highly anticipated development for the token, its price will remain tightly correlated to overall market conditions.
With the crypto market constantly evolving, it remains to be seen how SHIB will fare in the long run. Nevertheless, for now, has cemented its position as one of the most interesting options on the market.