Shiba Inu sees a spike in whale activity: What it means for SHIB

Shiba Inu's large transaction volume surged, signaling renewed whale activity. While SHIB consolidates, retail sentiment remains cautious.

Shiba Inu sees a 41% spike in large transactions, amid price consolidation at $0.00002759. Whale activity signals renewed market interest.large transaction volumes have shown significant fluctuations over the past few weeks. The sudden uptick in whale activity could signal a potential shift in market sentiment as SHIB consolidates.This spike comes after a noticeable decline since 10th December, when volumes dropped from 18.85 trillion SHIB to just 1.9 trillion SHIB by 13th December.

Lower trading volumes during whale activity surges often reflect uncertainty among retail investors as they await confirmation of a broader trend.Shiba Inu’s daily active addresses also mirror its volume activity. After peaking earlier in November with activity surpassing 18,000 addresses, the metric has gradually declined, settling at just over 2,500 active addresses at present.

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