The price action for Shiba Inu in the last seven days is Signed by decline Starting at $0.00001514, try to maintain upward momentum. After a brief hit of $0.00001514 on April 26, Shib has since retreated and is currently hovering at $0.0000132. This decline Reflecting a wider hesitation In the past week, among Shiba Inu traders, even the market leader Bitcoin, Looks like it’s expected to break Over $95,000.
As Shiba INU prices continue to move with bland movements, recent on-chain data reveals a significant trend in whale activity that could affect this movement.
Large-scale transaction volume drops to lowest in 7 days
According to On-Chain Analytics platform Intotheblock, Shiba INU’s large trading volume has dropped to its lowest point in the past week. this Data passed Intotheblock’s large volume indicator, which tracks the number and volume of large transactions in 24 hours.
According to this data metric, the size of the large Shiba INU transactions was only 1.79 trillion shib tokens in the past 24 hours, with only 34 transactions. In terms of valuation, the volume reached $23.66 million.
Importantly, low humidity transactions in the past 24 hours are not isolated events. Over the past week, the broader trend has shown consistent whale activity. The most active day of the past seven days was April 25, when 109 large transactions pushed the number to 2.93 trillion romantic tokens worth about $41.41 million. Even then, the amount is still below $50 million. Since then, activity has steadily declined, not crossing the $50 million mark in a day.
Low Chib whale activity: price tired or calm before moving
Large transactions, often involving transfers worth more than $100,000, help understand institutional or whale activity around cryptocurrencies. Therefore, the current Shiba Inu large transaction numbers indicate that major holders currently show a decrease in appetite for exercise, both cumulatively and distributed.
completely Master the current slowdowncomparing it to past activity growth is helpful. On January 7, INU’s large-scale transaction volume soared to 34.42 trillion Shib tokens, with a total value of approximately US$751.22 million. The comparison between this surge and today’s exhausted activity is only 1.79 trillion Xiyan ($23.66 million), which illustrates the huge difference in market sentiment and participation.
Furthermore, the current figures reflect the hesitation among large uinu holders, many of whom may stick to important moves until there is The price direction is clearer. Speaking of clearer prices, an interesting technical outlook suggests that the price of volunteer INUs could increase by 1,479%. special, Analyst forecast The Shiba INU may be priced at as high as $0.000220, which will put it at a new all-time high.
At the time of writing, Shiba Inu is trading at $0.00001332.
Featured images from Adobe Stock, charts from TradingView.com
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