SHIB Whale Activity Surges Following the New Partnership With Mass Finance

SHIB, the famous dog-themed token, has seen a massive increase in transaction volumes involving whales after the latest partnership declaration.

Shiba Inu (SHIB) has seen a massive increase in large transaction volumes following the latest partnership announcement. According to IntoTheBlock, large SHIB transactions saw a 517% spike in one day.

The Shiba Inu team announced a partnership with Mass Finance on Oct. 14. This partnership is being touted as the next financial layer of SHIB.

The partnership announcement comes amid a 517% surge in large SHIB transactions, highlighting the increasing attention from investors.

Shiba Inu's New Partnership with Mass Finance

Shiba Inu's new partnership with Mass Finance introduces AI-driven legal and fiscal solutions into the SHIB ecosystem. This collaboration aims to streamline business operations, particularly for startups, funds, and incubators within the “Shiba State.” According to the SHIB team, the partnership will simplify complex financial processes, making it easier for companies to operate across both Web2 and Web3 sectors.

Mass Finance, backed by payment giant Stripe, provides a platform offering automated incorporation and compliance tools. The platform also handles money transmission services and account management through Evolve Bank & Trust, ensuring regulatory compliance and secure transactions.

Earlier in September, Shiba Inu also collaborated with cryptography firm Zama to integrate fully homomorphic encryption (FHE) into Shibarium, the project's Layer-2 solution. This technology aims to enhance security by keeping sensitive data encrypted even during transactions. However, some of Shiba Inu's past partnerships, such as those with John Richmond and Wellies, faced challenges in maintaining long-term visibility.

Whale Activity Surges Following the Shiba Inu (SHIB) New Partnership

According to IntoTheBlock, large transactions, defined as those exceeding $100,000, indicate a renewed interest from high-value investors. This activity is often viewed as a bullish indicator for the asset.

Data from IntoTheBlock also reveals that 54% of SHIB holders are currently in profit, while 43% remain at a loss. This activity surge follows the announcement of the Mass Finance partnership and suggests that institutional investors and high-net-worth individuals are paying close attention to Shiba Inu's evolving ecosystem.

After the announcement, SHIB experienced a slight price increase, with a 4.73% gain over the past 24 hours, trading at $0.00001859 at the time of writing. The decreased exchange netflow, indicating reduced selling pressure, also contributed to the upward momentum.

With a market capitalization of over $10.6 billion, SHIB ranks as the second-largest meme coin after Dogecoin and the 15th-largest cryptocurrency overall.

The above is the detailed content of SHIB Whale Activity Surges Following the New Partnership With Mass Finance. For more information, please follow other related articles on the PHP Chinese website!