The Meme Coin market witnessed a remarkable shift last year, large symbols such as Dogecoin (Doge) and Shiba Inu (SHIB) managed to stay at the forefront. Specifically, the SHIB symbol witnessed impressive growth, as the value increased by approximately 65 % last year.
However, the current uncertain climate has spared no major Mimi symbol, including Sheba Ino, with deep corrections and slow side movement that afflicts most of the market in the past two months. Since adult investors are now coming out of the market, this Dour status may last longer than expected.
1 million dollars SHIB transactions on a fixed decrease
In a post on the X platform, the famous encryption analyst Ali Martinez open The Pisces of the Shiba Inu investors have become less active in the past three months. This observation depends on a chain on the scale of the number of whale transactions in Santiment, which tracks the number of SHIB transactions worth more than one million dollars.
Whales refer to entities or individuals with large quantities of certain encryption origins (Shiba Inu, in this scenario). Current whales are often considered major players on the market, because their purchase or sale activities can have a significant impact on the SHIB price; This led to the potential speculation and transformations of the market.
according to MartinezThere was a 79 % decrease in the SHIB whale activity on the Shiba Inu network, indicating a possible transformation in investor morale. The steady decrease in whale activity often indicates a decrease in confidence or attention from senior holders, especially because they look forward to recycling to other origins.
It is also evident from the last Shiba Inu Price work, the constant stagnation in large whale transactions is also often associated with a similar decrease in the intermittent side value. Thus, if the Shiba Inu price is the revival of the market decline, the whale activity on the network will need to capture as quickly as possible.
SHIBA Inu Victory Overview
From writing these lines, the SHIB’s distinctive code value is estimated at $ 0.0000156, which reflects the price jump approximately 3 % over the past 24 hours. While Shiba Inu seems to be integrated around the level of 0.000015 dollars for most February, Meme has not completely recovered from its last diving to $ 0.000012 earlier in the month.
According to Coingecko data, the second largest Mimi currency has decreased by more than 20 % in the last 30 days. Meanwhile, the Shiba Inu price has decreased by about 50 % in the past three months.
