0̲ ̲(̲S̲H̲I̲B̲)̲ ̲i̲n̲ ̲2̲4̲ ̲H̲o̲u̲r̲s̲:̲ ̲N̲o̲ ̲W̲h̲a̲l̲e̲ ̲T̲r̲a̲n̲s̲a̲c̲t̲i̲o̲n̲s̲ ̲o̲n̲ ̲N̲e̲t̲w̲o̲r̲k̲ $SHIB
In the past 24 hours, Shiba Inu has seen an absence of large transactions exceeding $1 million, indicating a period of unusually low trading activity. Such an absence of activity often implies a temporary dip in liquidity and volatility.
Typically, weekends are known for lower trading volumes across financial markets, and the cryptocurrency market is no exception. During these times, many traders and institutions reduce their activities, leading to decreased transaction volumes.
The current state of low liquidity and diminished whale transactions could lead to several potential outcomes for SHIB. The most immediate effect might be a stabilization of prices, as fewer large-scale buy or sell orders prevent sudden swings in market valuation. However, this could also set the stage for increased volatility when normal trading resumes, as accumulated orders and pent-up market sentiments could result in sharp price movements.
For now, investors in Shiba Inu should not be overly concerned about the lack of whale transactions. This phenomenon is relatively common during quieter trading periods like weekends. It makes more sense to monitor the market on Monday, when trading opens and volume returns on the market.
