Recent data show a significant decline in whale activity for SHIB token. This raises concerns among investors against the backdrop of positive trends in the cryptocurrency market.
Trends in SHIB Whale Activity
According to analytics platform IntoTheBlock, the volume of large transactions for SHIB has dropped by 91.5% over just four days. On June 5, the large transaction volume was 24.3 trillion SHIB, but only 2.06 trillion SHIB flowed into the wallets of major holders in the last 24 hours. This may indicate a significant pullback by institutional investors.
Price Dynamics of the Token
Despite the decline in large transaction volumes, SHIB's price is recorded at $0.00001292. Throughout the day, the token has shown a 1.75% increase, rising to $0.00001273 from a low of $0.00001235. This indicates some resilience, but volatility remains.
SHIB Outlook and Expert Comments
The drop in whale activity may signal a broader loss of confidence in SHIB among investors. Experts emphasize that the absence of large purchases amid rising prices may indicate uncertainty among token holders, adding risks to the sustainability of the price rally.
The situation with SHIB shows mixed signals for investors. The decline in whale activity alongside rising prices highlights uncertainty, requiring careful analysis of future market actions.
