Shiba Inu (SHIB) has long been one of the most popular meme coins in the crypto space, attracting millions of investors eager to capitalize on its explosive price movements. However, recent on-chain data suggests that whale activity in SHIB has dropped by an alarming 79%, signaling a shift in sentiment among large investors.
Shiba Inu (SHIB), once a beacon of meme coin glory, has seen better days. After an impressive run that saw it rise to the apex of meme coins, SHIB now faces a critical juncture as on-chain data reveals a troubling 79% decline in whale activity.
This exodus of large investors and their high-volume transactions bodes poorly for SHIB, as it suggests a shift in sentiment toward emerging cryptocurrencies with real-world utility.
Whale Activity in SHIB Drops 79% As Interest Dulls
Analysts at Chainmonsters.com highlight the alarming rate at
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
