Shiba Inu’s Shibarium gets new records, but Shib Whales is quitting – What’s going on?
Shiba Inu face A crossroads, with two interesting indicators in its ecosystem. On the one hand, its 2-layer blockchain, Shibarium, has just crossed an impressive transaction milestone Point out long-term growth. But on the other hand, recent on-chain data suggests that large holders, often seen as the backbone of market confidence, are flowing out of the exchange, which appears to be the largest whale outflow since March.
Shibarium reaches new transaction record, whale exits
Shiba Inu’s layer 2 network, Shibarium, has now reached a milestone of 1.2 billion transactions. This interesting milestone is the relay By Shibarium Explorer website, which shows that the Layer 2 network has just exceeded the $1.2 billion transaction threshold, of which 1,200,301,394 transactions involve 263.3 million addresses.
Since its launch 19 months ago, this transaction number represents stable onboarding and ongoing blockchain activity. The event is very noteworthy, especially considering Almost only five weeks Shibarium Arrives $1 billion transaction mark April 1. The total number of blocks also exceeded 11.3 million First, 10 million blocks were registered.
However, despite these long-term indicators of network growth, Daily use of Shibarium is slipping. The number of daily transactions recorded 1.51 million on May 22 and has been declining since then and has been declining since then. At the time of writing, the total number of transactions for Shibarium recorded in the past 24 hours is 63,780. This will extend its daily transactions below 100,000 since May 27.
Meanwhile, Shibarium is reaching new milestones, with large wipe holders already starting to pull billions of tokens out of their wallets. according to Data from intootheblockIn just a few days, whale outflows rose from 100.39 billion chips on June 1 to 2.94 trillion in the past 24 hours.
Interestingly, the 2.94 trillion churn from whale addresses in the past 24 hours is the largest outflow since March 20. These outflows represent the address of leaving the principal holder and can be interpreted as signals that they are selling or preparing to exit the position.
Where does Shiba Inu go from here?
The long-term growth of Shibarium shows that the Shiba Inu ecosystem continues to expand and develop, which can be considered a factor in the bullish price of Shiba Inu. However, nearly 3 trillion wet bones were withdrawn from the whale address at the same time, introducing sales pressure Eliminate the progress of weeks Within a few hours.
Not surprisingly, the outflow of whale addresses has been reflected in recent Shiba Inu prices. At the time of writing, Shiba Inu trades at $0.00001284, down 2.3% in the past 24 hours and 11.12% in the past 7 days. The possibility of continuous outflow of whale addresses Increase sales pressure In the next few days.
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