Shiba Inu (SHIB) Whales Go Quiet

A concerning trend has emerged in the Shiba Inu (SHIB) market: the activity of large investors, or "whales," has significantly decreased. This is evident in the sharp drop in the volume of large transactions and the reduced movement of SHIB tokens into and out of whale wallets.

According to on-chain data, the number and value of large SHIB transactions have plummeted in recent days. This suggests that whales are less interested in buying or selling the token, which could have implications for its price.

The decline in whale activity coincides with a period of price stagnation for SHIB. While the token saw a brief surge earlier this week, it has largely remained within a narrow trading range.

The reduced involvement of whales, who often drive market trends, adds to the uncertainty surrounding SHIB's future price direction.