Shiba Inu sees surge in whale activity: What it means for Shiba Inu

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Shiba Inu's huge trading volume has seen significant fluctuations over the past few weeks. The sudden increase in whale activity could signal a possible shift in market sentiment as SHIB consolidates.

Shiba Inu whale activity and trading volume surge

Recently, Shiba Inu large-volume transactions have soared 41.39%, totaling 2.79 trillion SHIB, worth US$76.48 million.

The spike follows a noticeable drop on December 10, with SHIB trading volume falling from 18.85 trillion to just 1.9 trillion by December 13.​

After a period of decline, the recent increase in whale trading volume indicates renewed interest from large players. Typically, surges in whale activity reflect strategic moves such as accumulation or reallocation, both of which can impact price movements in the short term.

SHIB remains stable amid volume fluctuations

The price of Shiba Inu is currently around $0.00002759, showing resilience despite market volatility. The price chart shows that SHIB has held support above the 50-day moving average, indicating price stability.

However, as momentum slows, the Bollinger Bands Percentage (BBP) highlights a slight bearish signal, suggesting the consolidation may continue.

Santiment’s trading volume data shows a downward trend in recent days, with daily trading volume currently below 1 billion SHIB after peaking earlier this month.

Lower trading volumes during surges in whale activity often reflect uncertainty among retail investors as they await confirmation of the broader trend.

Daily active addresses show mixed trends

Shiba Inu’s daily active addresses also reflect its trading volume. After peaking in early November with over 18,000 active addresses, the metric has gradually declined and is now stable above 2,500 active addresses.

Despite the increase in large-value transactions, this decline indicates a decrease in participation from small holders.

Shiba Inu whale movements and emotions

The recent surge in trading volume suggests that major players are keeping a close eye on the price movement of the Shiba Inu. While prices remain stable and supported by technical indicators, declining trading volumes and address activity point to cautious retail sentiment.