A recent report from IntoTheBlock has revealed a significant decline in large transaction volumes for the meme-inspired cryptocurrency Shiba Inu (SHIB). Over the past 48 hours, the volume of these transactions, characterized by transfers exceeding $100,000 USD, has dropped by a substantial 83.77%. This decrease translates from 11.65 trillion SHIB tokens to just 1.89 trillion SHIB tokens, a reduction of 85.2% in monetary terms.

The price of Shiba Inu itself fell by 2.4% during this period, while the number of large transactions has also seen a dramatic decrease, falling from 584 to just 99 over the two-day period. Large transactions are typically indicative of the actions of whales and institutional players in the market. The decline in these transactions suggests a notable reduction in the activity of these major players within the Shiba Inu ecosystem.

The report highlights a significant decrease in the volume of large transactions, which is typically a sign of reduced whale activity. This could be a sign that the whales have finished accumulating SHIB and are now waiting for a significant movement in the market. Whether this movement will be upward or downward remains to be seen.

Over the last month and a half, SHIB's price has shown significantly decreased volatility, trading mostly sideways. Despite this, the price of Shiba Inu has been registering higher and higher lows, demonstrating an uptrend. This can be seen as a positive sign, indicating that the token is building momentum and could be poised for a significant move.

The decline in large transaction volumes and the reduced activity of whales could be a sign that the market is preparing for a significant movement. Whether this movement will be upward or downward, it is clear that the Shiba Inu ecosystem is experiencing a significant shift in activity.