The Shiba Inu (SHIB) market is heavily influenced by whale activity—large investors that hold substantial amounts of the cryptocurrency. These whales have a significant impact on SHIB price movements due to their transaction volumes.
Recently, there has been a noticeable decline in large transaction volumes. This suggests a reduction in buying pressure from these key players, potentially affecting SHIB's ability to rally.
The future movements of SHIB heavily depend on whether buying interest from these large investors will pick up again or continue to diminish.
