Recent data from Shiba Inu's blockchain network shows a notable 15% drop in large transactions, which could affect the token's market behavior and its future price movements. Today, Shiba Inu's price has gone up by 4%, trading at $0.0000235.

Changes in SHIB Whales' Behavior

There's been a decrease in big transactions over $100,000, suggesting that major investors might be less active or choosing smaller trades. Despite a slight rise in new addresses being created, indicating some growing interest, it's not enough to create significant momentum.

The "in the money" metric, which shows how many addresses are currently profitable based on the purchase price of SHIB, remains neutral at 0.30%. This balance between bullish and bearish sentiments among investors could imply a holding pattern.

Potential Signs of Bullish Activity

A slight uptick in token assets among top SHIB addresses suggests that some big holders may be increasing their stakes or fewer addresses are collecting more SHIB. This could be seen as a subtle signal of optimism.

Decline in Large Transactions

A significant drop of 15.66% in transactions over $100,000 indicates less activity from market-influencing whales. This could mean larger investors are less confident or are opting for smaller trades instead.

Conclusion

While the decrease in whale transactions might temporarily stabilize SHIB's price, the consolidation phase suggests a potential increase in volatility. The direction of any breakout will likely depend more on the broader market than on SHIB alone. Therefore, it's important to keep a close eye on these metrics to understand how they might impact the future of the world's second meme coin.