$SHIB
Inu (SHIB) has experienced a notable surge in whale activity, with a 300% increase in whale transactions over the last 24 hours, according to on-chain analytics platform IntoTheBlock. This spike follows a period of minimal whale engagement, as the price of SHIB had been on the decline since December 7, with whale transactions dropping significantly from 18.85 trillion SHIB on December 10 to just 1.07 trillion on December 22. However, recent data reveals a 250% jump in large transactions, totaling 3.75 trillion SHIB in the past 24 hours, with the total value of major transactions reaching $84.24 million, a 265% increase. This renewed whale activity raises speculation that large holders may be positioning themselves for a potential market recovery in 2024, contributing to the question of whether SHIB can reach $0.00004. While SHIB has seen a modest 3.1% increase to $0.00002229, the changing selling pressure and the surge in whale transactions suggest shifting dynamics in the market.