Shiba Inu (SHIB) whale activity has surged by over 240%.

Iravan774

With the potential development of the ecosystem, Shiba Inu (SHIB) whale activity has surged by over 240%. In the last 24 hours alone, according to IntoTheBlock data, large transactions increased from 1.02 trillion to 2.48 trillion.

Specifically, these whale transactions skyrocketed by 243%, indicating significant growth in activity. Additionally, the value of these large transactions soared from $9.97 million to an astronomical $24.25 million within just one day. Subsequently, with the increase in activity, the Shibarium network also achieved a significant milestone.

Shiba Inu's large transactions surge over 1 trillion SHIB in 24 hours. Nearly two months into the new year, 2024 has proven to be a positive year for the digital asset market. Bitcoin (BTC) confidently surpassed the $51,000 mark, and Ethereum (ETH) exceeded $3,000 for the first time in two years. Meanwhile, one of the most popular meme coins has seen an increase in some key statistical categories.

Indeed, in just the past 24 hours, Shiba Inu (SHIB) whale transactions have increased by over 240%. Specifically, in the last day, 44 transactions worth over $100,000 each were recorded. This demonstrates emerging interest from large holders.

Furthermore, Shibariumscan has witnessed a significant milestone for the second-layer blockchain of the ecosystem, Shibarium. In particular, the network's transaction volume set a new record, surpassing 360 million after a decrease in transfers over two months.

Additionally, the daily transaction volume of the Shiba Inu network has significantly increased, reaching the level of 3 million again, compared to last weekend's figure below 1 million. Overall, the data indicates that interest and activity within the Shiba Inu ecosystem have been maintained at a good pace.

According to CoinMarketCap data, the current trading price of SHIB is $0.0000096, a decrease of over 1.5% in the last 24 hours. Despite this drop, the determination of the SHIB community is undeniable, especially as they express a desire to eliminate another key zero from the price. However, only time will tell whether the meme coin reaches the $0.00001 level.

The Filecoin storage market continued to grow in the fourth quarter of 2023, with active trading volume increasing by 23% QoQ and 414% YoY. Meanwhile, storage utilization increased from 13% in Q3'23 to 18% in Q4'23, as Filecoin's storage capacity continued to decrease by 15% QoQ.

By the end of 2023, over 1,800 clients had loaded datasets onto Filecoin, with 465 datasets exceeding 1,000 TiB in size, a 10% increase QoQ and a 196% increase YoY.

Filecoin Virtual Machine (FVM) brought Ethereum-style smart contracts to enable new use cases. Since the launch of FVM in March 2023, by the end of 2023, TVL had exceeded $230 million.

The proposal to deploy Uniswap V3 on FVM has been successfully executed, marking a new phase for DeFi applications built on the Filecoin network.

The initiation of FIP0001v2 community plan aims to improve and expand the Filecoin Improvement Process (FIP) and governance process.

977Iti

If the profit doubles, that would be incredible.

Kamal531

This is something to understand as well.

Samiksha

The increase is indeed very substantial.