Shiba Inu Whale Transactions Explode 170% Following Forbes Endorsement

Shiba Inu (SHIB) whales there are also, at this stage of investors seem to have accumulated a significant amount of meme coin. This promotion follows Forbes’ recent endorsement of the second largest meme coin by market cap.

Shiba Inu Record 170% Surgery in Whale Work

The data from a market intelligence platform Enter TheBlock shows that there has been a 170% increase in the maximum transaction volume of Shiba Inu in the last 24 hours. These jobs are those involving amounts over $100,000. This suggests that crypto whales are hoarding the coin of the meme no doubt, which is undoubtedly the symbol of the Shiba Inu.

These whales are known to have a significant impact on the coin’s price recovery and their recent purchases could help spark a major return in the coin’s price. Shiba Inu. In addition, this purchase can help Shiba Inu, which was in a low habit temporarily, avoid falling below the key support level in the $0.00002 range. A drop below this level can trigger a a wave of saleswhich would make the meme coin even lower.

SHIB Is More Than Just A Meme Coin

The recent increase in Shiba Inu whale activity follows Forbes piece written by Sandy Carter, COO at Unstoppable Domains, who highly recommends the meme coin. An episode, which still affects several meme coinsdescribed the Shiba Inu as “so beautiful,” praising it as “the most beautiful of all dogs.”

Meanwhile, Carter also noted that Shiba Inu was not just a “pretty face or a joke” but was a good example of how meme coins. to develop real help and setting the “technological pace” for other digital goods. He highlighted the progress Shiba Inu has made in this regard to show that it is more than just a meme coin.

Carter talked about the Shiba Inu in collaboration with Zama.ai, which led to the introduction of its Fully Homomorphic Encryption (FHE) solution. This security tool enables encrypted data processing, thereby addressing privacy concerns when using blockchain technology. Carter also highlighted the importance of this tool, noting that it allows Shiba In to “create identity, security, and risk management solutions embedded within payment and other financial technologies.”

In addition, he said that this privacy solution will not only ensure improved privacy and security in the crypto space but also set standards for other companies in the traditional financial (TradFi) space, especially as TradFi continues to integrate with decentralized finance (DeFi).

It should also be mentioned that the Shiba Inu does not just stand in its FHE position. The meme coin team is also working on building a 3 layer blockchain that focuses on privacy. I FHE technology it will be integrated into the network, allowing data to be encrypted while still being processed.