The Shiba Inu (SHIB) whale activity (major investors) appears to be recovering after a period of decline and poor token performance in the market.
On-chain data
SHIB
is showing encouraging signs, recording 47 large transactions in the past 24 hours, indicating increased activity among major holders.
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SHIB
is notable
with a significant daily trading volume of nearly 94.8 billion, marking a substantial increase. This comes after SHIB reached its peak of 6.24 trillion on June 24, indicating potential position adjustments among whales.
Despite the sharp increase in activity, SHIB’s price remains relatively stable, hovering around $0.000017.
Market sentiment towards SHIB is mixed. Indicators suggest a near balance in the struggle between buyers and sellers, with bears slightly prevailing. This indicates cautious market sentiment towards SHIB’s recent performance, suggesting unlikely significant shifts to the buy side in the short term.
