According to U.Today Analytics:

Shiba Inu (SHIB) Large Transactions up 220% Amid Fight for Balance

Per the definition of "large transactions" by the ITB platform, it accounts for SHIB deals worth at least $100,000. When amplified, the data shows a significant spike in this metric in just two days. The number of these large transactions moved from 164 on March 26 to 418 as of March 25.

The SHIB valuation of this surge also jumped from 1.59 trillion tokens on March 26 to 4.79 trillion units as of March 25. As a meme coin with a deep affinity for Shiba Inu whales, large transactions also jumped in dollar terms from $44.2 million to the $141.7 million it is currently boasting of today.

Shiba Inu whales have always played a major role in boosting the price of Shiba Inu. This visible uptick in large transactions comes at a time when Shiba Inu is plotting a major recovery overall. At the time of writing, Shiba Inu is changing hands for $0.00002966, up by 6.56% in the past 24 hours.