Shiba Inu whale suddenly woke up when SHIB increased by 34% in one day

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Cryptocurrency analytics firm Santiment is tracking Shiba Inu's large purchases.

According to a new post, the data aggregation company shown that whales woke up suddenly on August 14 and made the most transactions worth more than $8 in four months.

“It is no coincidence that whales are very active. There were 433 transactions worth $100.000 or more, the most in four months.”

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Shiba Inu recently up 50%, from an August 10 low of $8 to a high of $0,000012 on August 0,000018.

The recent rally helped push SHIB up 12nd place among the largest digital assets by market capitalization.

IntoTheBlock also revealed that 68% of Shiba Inu holders have held for 1 to 12 months, 28% have held for more than a year, and only 4% have held for less than a month.

Although SHIB has recently rallied, the altcoin is still down more than 80% from its all-time high of $0,00008616 reached at the end of October 10.

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