The cryptocurrency world has seen a significant change in the SHIB (Shiba Inu) community recently. SHIB has experienced a particularly pronounced decline in the activity of “whales”, known as large investors. This was an important development for the Shiba Inu community and other participants in the cryptocurrency market.
According to the latest data, the number of large transactions by SHIB whales currently stands below 30. Large transactions, which were common in previous days, can no longer reach this level. This decline indicates a significant reduction in the influence of SHIB whales on the market.
Additionally, the volume of whale transactions also decreased significantly with this decline. With a transaction volume of approximately $10 million, these transactions are down about 60% from previous highs.
Whales are investors who often hold large amounts of cryptocurrency and can have a huge impact on the market. Therefore, this decline in activity of SHIB whales is being viewed as an important development for the Shiba Inu community and other investors. So is decreasing whale activity a bad sign? In many cases, whales becoming quiet can be a sign of stability for the entity. Reduced whale activity could mean less price manipulation and a more organic growth trajectory for SHIB.
Additionally, the decline in whale activity coincided with a general decline in market excitement surrounding meme coins. This could be a sign that the market is maturing and investors are looking for higher value assets. Or it could just mean that the whales are waiting for the right moment to make the next move.
Either way, the current scenario could be an opportunity for small investors. With whales out of the picture, at least for now, retail investors will have the opportunity to enter the market without fear of significant price manipulation.
You can follow the current price movement here.