Shiba InuAlthough , attracted attention with its large transaction volume of 1.99 trillion SHIB in the last 24 hours, this volume decreased by 35.41% compared to the previous day. According to IntoTheBlock data, the activity of large investors, namely whales, has decreased significantly. This large trading volume stands out as an important indicator of whale movements by tracking transactions above $100,000.
Decline in Whale Transactions
In the last 24 hours, transactions carried out by Shiba Inu whales reached a total value of $ 34.25 million. In cryptocurrency terms, this figure equates to 1.99 trillion SHIB. However, the 35% decline in this large trading volume suggests that whales are less active in the market for now. This recession may indicate that large investors are following a more cautious strategy and avoiding big moves.
Why Are Whales on Hold?
There are several important factors why meme coin whales hesitate. After the big selling wave at the beginning of the week, whales may be waiting for the market to clear up.
Increasing market uncertainty, especially before today’s Fed statements, may have led large investors to maintain their positions. As meme coins surged over the weekend, SHIB gained value for three consecutive days, reaching $0.00001884 on October 6. However, after this rise, the price started to decline with profit realizations.
Recession in the Market Continues
At the time of writing the news meme coin It has decreased by 1.75% in the last 24 hours, falling to the level of 0.00001718 dollars. Although it briefly rises to $0.000018 during the day, if it declines at the close of the day, Shiba Inu will experience its third consecutive loss since Sunday. Uncertainty in the market causes whales to become more cautious and large trading volumes decrease.
