Shiba Inu losing majority of previous gains, and it is not clear whether or not situation will change
Whales, often considered the big players in the crypto space, have a substantial influence on the price and overall market dynamics. Their recent behavior suggests a potential shift in confidence regarding SHIB's future prospects. network.
These transactions, typically indicative of whale movements, have plummeted from a high of 128 to a mere 26.Such a drastic drop in large-scale transactions can be interpreted in various ways. One perspective is that whales might be reducing their positions, possibly anticipating further downward pressure on the SHIB price. Another viewpoint is that they are adopting a wait-and-see approach, given the current market uncertainties.
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