The Shiba Inu (SHIB) whale activity (major investors) appears to be recovering after a period of decline and poor token market performance.
On-chain data
SHIB
is showing promising signs with 47 large transactions recorded in the past 24 hours, indicating increased activity among major holders.
Read more:
Despite bullish signals, Bitcoin’s situation may worsen
SHIB
is notable for
its nearly 94.8 billion daily trading volume, a significant increase. This follows SHIB’s peak of 6.24 trillion on June 24, XNUMX days ago, indicating potential position adjustments among major holders.
Despite the sharp increase in activity, SHIB’s price remains relatively stable, hovering around $0.000017.
Market sentiment towards SHIB is mixed. Indicators show a nearly balanced struggle between buyers and sellers, with a slight advantage for bears. This suggests a cautious outlook on SHIB’s short-term performance, with less likelihood of a significant shift towards buying in the near term.
