Meme coin Shiba Inu is encountering increased downward pressure as its price experiences declines over 24-hour and seven-day periods. This downward trend is further echoed in the on-chain data, with a substantial drop in large transactions, indicating a waning interest among whales.
The data from IntoTheBlock highlights this significant decline, provoking concerns about the coin's trading dynamics. With a sharp dip in both price and large transactions, Shiba Inu's current market sentiment appears to be cautious, as investors assess the implications of reduced whale activity.
Źródło: bitcoinist.com ↗