Transactions made by whales are often seen as a barometer of interest from large holders in a cryptocurrency. This activity is monitored through the \u2018Large Transactions Volume\u2019 indicator<\/a> on IntoTheBlock, which tracks SHIB transactions valued at $100,000 or more.<\/p>\n Over the past day, 5.72 trillion SHIB tokens have been transferred in significant transactions. This represents a striking 73% decrease from the 21.23 trillion tokens recorded on November 14.<\/p>\n In dollar terms, the total value of these high-value transactions reached $145.37 million in the last 24 hours, marking a 70% drop from the $493.66 million noted on November 14. The decline is even steeper compared to the $784.79 million reported on November 12, signifying an 81% decrease in transaction value over four days.<\/p>\n <\/p>\n Despite the recent positive movements in Shiba Inu’s price, whale trading has seen a downturn. Santiment, another analytics platform, has indicated that the current price surge for meme coins like SHIB has primarily been driven by retail investors. <\/a><\/p>\n The reduction in major transactions may indicate a loss of confidence among whale investors. This shift could result in lower liquidity and affect price stability moving forward.<\/p>\n According to whale transaction monitoring service Whale Alerts, a significant transfer involving 4 trillion SHIB, valued at $99 million, took place between unidentified wallets. The reason behind this extensive movement remains unclear, but it may relate to a reassignment of assets by a sizable holder or an exchange. Presently, the sending address \u20180x4221\u2019<\/a> maintains a SHIB holding worth $185.9 million, while the receiving address \u20180x633b\u2019<\/a> holds $101.88 million in SHIB.<\/p>\n Currently, Shiba Inu trades at $0.00002545, reflecting a 7% increase in the last 24 hours. Buying momentum has returned, shown by the Relative Strength Index bouncing from approximately 33 to 69 within a few hours. Nevertheless, the ongoing decline in whale transactions is a significant trend to monitor closely.<\/p>\n Featured image from Pixabay, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The meme-based cryptocurrency Shiba Inu is experiencing a resurgence with an 8% price increase over the last 24 hours. However, this growth is juxtaposed with a notable drop in whale trading activity, as per insights from the on-chain analytics tool IntoTheBlock. Specifically, there has been a dramatic 70% drop in sizable Shiba Inu transactions within […]<\/p>\n","protected":false},"author":14,"featured_media":23083,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Shiba Inu Faces Potential Downturn as Whale Activity Plummets by 70% in Just One Day - Bitrabo","description":"The meme-based cryptocurrency Shiba Inu is experiencing a resurgence with an 8% price increase over the last 24 hours. However, this growth is juxtaposed with a"},"footnotes":""},"categories":[316],"tags":[3239,724,585,467,584,5885,1601,734,498],"class_list":["post-23082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-crashes","tag-day","tag-inu","tag-price","tag-shiba","tag-single","tag-trouble","tag-volume","tag-whale"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/23082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=23082"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/23082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/23083"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=23082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=23082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=23082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/span>Impact of Whale Activity on SHIB’s Pricing Trends<\/b><\/span><\/h2>\n
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