CandleFocus Shiba Inu (SHIB) Whales Disappear
2024-09-06
Author: Content Editor
The activity of big players, or whales, in the Shiba Inu (SHIB) cryptocurrency has dropped significantly, according to on-chain data. The volume of large transactions decreased by 57.73% over the past 24 hours, equating to a drop in transactions of at least $100,000. In addition, there was a decrease in inflows and outflows to wallets held by whales with at least 0.1% of SHIB. This decrease in activity occurred during a period of little movement in the SHIB token's price, except for a breakout on Wednesday. The drop in whale activity highlights their significant role in liquidity and trend shifts in the cryptocurrency market.
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