Recent transaction data from IntoTheBlock indicates that Shiba Inu (SHIB) is facing a serious issue with a complete exit of whale investors from the market.
Exodus of Major Investors
A 100% drop in transactions in the $1 million to $10 million range indicates a full retreat of whale activity. This is an extremely negative signal for an asset that relies on momentum and speculation.
Current Market Situation
According to the latest updates, no significant transactions in the $1 million to $10 million range have been recorded. Although there is a slight recovery in the $100-$1,000 and $100,000-$1,000,000 segments, these are still far below the levels needed for regaining momentum.
Shiba Inu's Prospects
The current market setup calls for consolidation rather than an explosion, unless there is a significant shift in either macro sentiment or fundamentals. Shiba Inu's chances of reviving its previous hype-fueled glory remain extremely slim as long as whale activity stays at zero.
The situation in the Shiba Inu market raises concerns about the cryptocurrency's future, especially given the departure of major investors and a decline in transaction volumes.
