Shiba Inu Faces Uncertainty Amid 70% Drop in Whale Activity

Shiba Inu's price has increased by 8% in the past 24 hours, but a significant 70% drop in whale transaction volume raises concerns about its market stability. Large transactions, which indicate major holder activity, have decreased sharply, suggesting potential reduced confidence or exits by whales. This decline could affect liquidity and price stability, despite the recent price uptick driven mainly by retail investors. A notable transfer of 4 trillion SHIB worth $99 million between unknown wallets was also reported, adding to market uncertainties.