Shiba Inu Whale Activity Plunges 79% In Three Months — What’s Happening?
Over the past year, the meme coin market has undergone a significant shift, with big hat tokens like Dogecoin (Doge) and Shiba Inu (Shib) manage to stay at the forefront. Specifically, wipes tokens have experienced impressive growth, with value increasing by about 65% over the past year.
However, the current uncertain climate does not retain any large meme tokens, including Shia INU, and over the past two months, most of the market has been plagued by deep corrections and slow lateral movements. With large investors now appearing to be exiting the market, this DOUR situation may be longer than expected.
$1 million trading speed, steady decline
In posts on X platform, popular crypto analyst Ali Martinez reveal Shiba INU investors have become less whale category in the past three months. This chain observation is based on Santiment’s whale transaction count, which tracks the number of wet cloth transactions worth more than $1 million.
A whale refers to an entity or individual who owns a large number of specific crypto assets (in this case). Crypto whales are often considered as major players in the market, as their trading activities can have a significant impact on Shibu prices. This leads to speculation and potential market shifts.
according to Martineza 79% drop in chib whale activity on Shiba INU network, suggesting that investor sentiment may change. A steady decline in whale activity often indicates a decrease in confidence or interest in the main holder, especially if they wish to spin to other assets.
As seen in recent Shiba INU price action, the continued decline in large whale trading is also often associated with corresponding value and intermittent lateral movement. Therefore, if the price of volunteer INU is to be resurrected from the market recession, Whale Activities It needs to be picked up as soon as possible on the Internet.
Shiba INU Price Overview
When writing, Shib Token The value is about $0.0000156, reflecting nearly 3% of the price in the past 24 hours. Although Shiba Inu appears to be in a merger around $0.000015 for most of February, Meme Coin has not fully recovered from its recent investment to $0.000012 earlier this month.
According to Coingecko data, the second largest meme coin still fell by more than 20% in the past 30 days. Meanwhile, Shiba INU’s price has shrunk by nearly 50% over the past three months.
