🚨 SHOCK DROP: 1.9 TRILLION $SHIB TRADED – IS THIS THE BEGINNING OF A BIG MOVE? 🚨

Shiba Inu ($SHIB) has seen a massive 76.21% decline in large transaction volume, with just 1.9 trillion SHIB (worth $54.1 million) moved in the past 24 hours. This sharp drop in whale activity raises serious concerns about what’s really happening in the SHIB market. Adding to the tension, SHIB’s price has fallen by 2.05% to $0.00002744, while trading volume shrank by 9.05%, signaling a potential consolidation phase.

Key Factors Behind SHIB’s Activity Drop

Whale Activity Slumps:
Recent data from IntoTheBlock reveals that large SHIB transactions (over $100,000) have plunged, reflecting cautious market sentiment. This could indicate that whales are stepping back, possibly waiting for clearer market signals.

Profit-Taking and Cooling Off:
Following SHIB’s rise to $0.0000334 on Dec. 8, short-term traders have likely locked in profits, leading to reduced trading volumes and lower price action momentum.

Consolidation Phase:
SHIB appears to be entering a consolidation phase after two days of declines earlier this week, hitting a low of $0.0000242 before rebounding. This lull often precedes significant price moves, making the next few days critical for SHIB holders.

Price Levels to Watch for SHIB

Resistance: The $0.000030 level has proven difficult to surpass, with bears selling on rallies. A breakout above this could reignite bullish momentum, targeting $0.0000334 as the next key level.Support: If SHIB fails to hold the $0.000027 level, it could retest lows around $0.000024, potentially sparking increased volatility.

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