The dog-themed cryptocurrency, Shiba Inu (SHIB), is experiencing a decrease in whale activity, as reflected in a drop in large transaction volumes. Whale activity, which is often measured by the amount transferred in transactions over $100,000, has declined by 24% in the past 24 hours. This decline suggests a slowdown in whale activity, potentially impacting the overall market momentum. SHIB's price has been consolidating below its key moving averages, indicating a cautious market sentiment. However, there has been a slight rebound in SHIB's price following Friday's session. The sluggish market movement is attributed to investors assessing the state of the economy. If SHIB breaks above its daily moving averages, it could indicate strength and a potential escape from its current trading range.



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