Recent data shows a sharp decline in large transaction volumes for Shiba Inu (SHIB), causing concern among the community and signaling hesitance from institutional players amid market volatility.
Decline in SHIB Large Transactions
According to data from **IntoTheBlock**, the large transaction volume for Shiba Inu, defined as transfers exceeding $100,000, fell by **88.09%** on June 18. The figure plummeted from **$196.15 million** recorded on June 16 to only **$23.36 million**, highlighting a sudden slowdown in trading activity from whales and institutional buyers.
What the Drop Means for SHIB Investors
While large investors often buy tokens during dips, the stark decrease in whale activity suggests a **decline in buying interest or a pause in accumulation**. The reduced high-value movements reflect a **cooling investor sentiment** within the Shiba Inu ecosystem, despite the token's stable price action over the past 24 hours.
Market Outlook: Caution or Calm Before the Storm?
Shiba Inu reached recent highs earlier this month, but the **90% drop in whale transactions over two days** now presents a more cautious picture. Analysts note that this **bearish divergence** between stable price action and declining on-chain metrics may suggest a **pause in momentum**, if not a potential upcoming dip. SHIB holders and market watchers will closely monitor whether this downtrend continues or rebounds alongside Bitcoin's next significant move.
The sharp decline in SHIB's large transactions draws attention to current market sentiments, highlighting instability and uncertainty among investors. The future of Shiba Inu relies on how the market reacts to these changes and the actions of major players.
