The cryptocurrency market continues to be in the red, and Shiba Inu whales are showing decreased activity. Blockchain analytics platform IntoTheBlock reports a significant drop in large transaction volumes for SHIB tokens.
Decline in SHIB Whale Activity
In just one day, large transaction volumes for SHIB have decreased by 65.52%. This decline reflects reduced interest from major holders, potentially indicating overall pessimism among investors.
Transaction Activity Dynamics
At its peak on June 6, 2025, large transaction volumes for SHIB reached 17.63 trillion tokens. However, in the last day, this figure has dropped to 948.59 billion, suggesting possible asset sell-offs by significant holders.
Reactions from the Shiba Inu Community
A representative from the Shiba Inu community urged holders to remain resilient, stating that there are no confirmations yet of a bear market's end. Despite this, the reduction in large transaction volumes and token prices indicates major capital withdrawal from the market.
The observed decline in SHIB whale activity and transaction volumes underscores current issues of trust and interest among investors. In the context of the overall market downturn, this may have lasting implications for future price dynamics.
