Shiba Inu Whale Activity Declines 79% Over Last Three Months
The meme coin market has shifted significantly over the past year, with large-cap tokens like Dogecoin and Shiba Inu remaining prominent. The SHIB token rose approximately 65% in value within the last year but is now facing corrections and stagnant movement due to market conditions.
Decline in Large Transactions
Analyst Ali Martinez reported a 79% decrease in large transactions (over $1 million) involving Shiba Inu whales in the past three months. This trend indicates a potential shift in investor sentiment as major holders become less active.
- Decreased whale activity may signal reduced confidence among large investors.
- A continued downturn in whale transactions often correlates with a decline in asset value.
- To recover from its current slump, increased whale activity is necessary.
Current Price Overview
The SHIB token is currently priced at approximately $0.0000156, reflecting a nearly 3% increase in the last 24 hours. However, it remains down over 20% in the past month and nearly 50% over the last three months, following a drop towards $0.000012 earlier this month.
