Shiba Inu is now suffering through one of its worst periods, with whale transaction volumes dropping to a dangerously low level. Over the last 24 hours, there has been a significant drop in activity compared to previous levels, with only 16 major transactions totalling 392.05 billion SHIB being reported.
This sudden decline suggests that large investors—also referred to as whales—are selling their SHIB holdings and reducing their exposure to the cryptocurrency. Analysing the on-chain data reveals a broader pattern of diminishing interest from significant players in the SHIB ecosystem. The discrepancy between the most recent 24-hour low and the seven-day high of 45 big transactions indicates an increase in whale idleness.
This lack of action about the token is troubling since it implies that SHIB no longer finds significant investments in the meme coin market to be appealing. Based on a detailed analysis of the worldwide In/Out of the Money indicator, 45.46% of SHIB investors are profitable right now, while 52.79% are not. The fact that a lot of investors are losing money at the present price, which is about $0.000013, contributes to the declining optimism over SHIB’s probable performance.
Concerning SHIB’s long-term viability are the token’s widespread bad impression and the dearth of whale activity. Even while other market assets continue to show signals of healthy activity, SHIB’s standstill might be an early warning indicator of future collapse. Shiba Inus may struggle in the present market environment unless there is a significant event that spurs demand or if significant investors express a fresh interest.
It will be interesting to see if whales lose interest in SHIB or if it can weather these rough waters and emerge as a dominant force in the meme currency market once more. If the pattern of low transaction volumes persists, it appears that there may be additional drops in the future based on the data that is now available.
