Shiba Inu (SHIB), a popular cryptocurrency, is witnessing a notable surge in its price, drawing the attention of both enthusiasts and investors. This rise comes in the wake of a steep 20.73% decline in large transaction volumes, typically associated with whale activity.
The decrease in whale transactions indicates that larger holders are either withdrawing or holding off on trading. This market shift is providing space for retail traders, who are showing increasing enthusiasm for SHIB, to have a greater impact on the market dynamics.
The combination of a reduced influence from significant holders and burgeoning interest among individual traders has paved the way for a noticeable upward trend in SHIB's market performance, reflecting the evolving landscape in crypto investment behaviors.
