What Caused Shiba Inu Whale Activity to Drop 79% in Three Months? Large-cap tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) have led the meme coin market in the last year. SHIB token value has grown by 65% in the last year. In the previous two months, most significant meme tokens, including Shiba Inu, have seen severe corrections and lethargic sideways movement. Since major investors are leaving the market, this gloomy mood may last longer. $1 Million SHIB Transactions Declining In a post on X, famous crypto researcher Ali Martinez stated that Shiba Inu whale investors had grown less active in the previous three months. Using Santiment's Whale Transaction Count statistic, this on-chain observation records SHIB transactions valued over $1 million. Whales are large holders of a crypto asset (Shiba Inu in this case). Crypto whales are important market participants because their purchasing and selling may affect the SHIB price, causing speculation and market movements. Martinez reports a 79% drop in SHIB whale activity on the Shiba Inu network, indicating investor mood has changed. Whale activity declines frequently reflect significant investors' loss of confidence or interest, particularly when they rotate into other assets. In the current Shiba Inu price action, a persistent decrease in big whale transactions generally leads to a value decline and sporadic sideways movement. This means whale activity on the network must increase soon if Shiba Inu prices are to recover. Overview of Shiba Inu Prices In the last 24 hours, the SHIB coin has risen about 3% to $0.0000156. Shiba Inu settled at $0.000015 for most of February, but the meme currency has yet to recoup from its drop to $0.000012. #SHIB #Shibarium $SHIB