According to Clay, the host of the ClayBro cryptocurrency YouTube channel, whale transactions, Shibarium data, and social statistics are the three factors influencing the growth of the Shiba Inu. Despite not taking into account the SHIB value, Clay stated “that a mixture of those three elements is producing healthy development for the Shiba Inu ecosystem.”
In a recent video that was posted to YouTube, Clay made mention of a particular sociological statistic that, in his opinion, is significant for Shiba Inu at the moment. The analyst’s prediction caused SHIB transactions to soar by 335%, and two million Shibarium wallets were soon in sight. Although there weren’t quite 2 million Shibarium wallets at the time of Clay’s presentation, he admitted that it might be the next significant number after passing a million.
Clay saw the rapid growth in whale trade as a significant improvement for the Shiba Inu ecology. He made the claim that as of August 26, there had been virtually no whale transactions. In this perspective, he defined whale trades as any exchange of more than $100,000 in Shiba Inu cash.
According to Clay, whale transactions started to increase from August 27 to August 29 before abruptly declining on August 30 and then starting to increase spectacularly again. Clay highlighted out a particular day, September 2, when SHIB whale trades worth up to $40 million were noted. Over half of the total number of SHIB transactions that day were represented by that.
Even while Clay welcomed the infusion of cash into the Shiba Inu ecosystem, he was aware of the risks associated with having a small number of vendors dominate the market. According to him, the whales just need a modest increase in price to generate significant gains, which may work to the prospective advantages of regular traders.
According to Clay, a whale who invested $40 million would generate $4 million in revenue and decide to promote with a rally of just 10%. By delaying the rally, doing so would have an impact on the market. Thus, whale dominance may ultimately contribute to a potential rally for SHIB.