According to U.Today, Shiba Inu (SHIB) is experiencing a significant downturn as whale transaction volumes have plummeted to concerning levels. Over the past 24 hours, only 16 large transactions amounting to 392.05 billion SHIB were recorded, marking a substantial decrease from previous activity levels. This sudden drop indicates that major investors, often referred to as whales, are withdrawing from SHIB and reducing their exposure to the token. Analyzing on-chain data reveals a broader trend of declining interest from significant participants in the SHIB ecosystem. The difference between the recent 24-hour low and the seven-day high of 45 large transactions highlights the increasing inactivity among whales. This lack of activity is troubling for SHIB, as it suggests that substantial investments in the meme coin market are no longer deemed attractive. A detailed examination of the global In/Out of the Money indicator shows that currently, 45.46% of SHIB holders are profitable, while 52.79% are not. The fact that a significant number of investors are incurring losses at the current price, which hovers around $0.000013, further diminishes confidence in SHIB's potential performance. Concerns about SHIB's long-term sustainability are growing due to the lack of whale activity and the overall negative perception of the token. SHIB's stagnation could be an early warning sign of future declines, even as other market assets continue to show robust activity. In the current market climate, Shiba Inu may struggle unless a major catalyst drives demand or significant investors show renewed interest. The critical question remains whether SHIB can overcome these challenging times and reestablish itself as a major player in the meme coin market or if whales will continue to lose interest. Based on the available data, it appears that further declines could be imminent if the pattern of low transaction volumes persists.