Femifire

Data from IntoTheBlock shows a significant drop in large $SHIB transactions exceeding $100,000. After peaking at 24.3 trillion SHIB on June 5—the highest since January—whale activity fell 84% to just 3.83 trillion SHIB by June 9.

This decline suggests whales are pausing after taking profits, indicating reduced confidence in SHIB's short-term price movement. Historically, similar drops in whale transactions have preceded major price shifts. For example, a sharp decline in January was followed by a 50% price drop by April.

While SHIB has seen recent gains, the lack of whale support could signal potential bearish pressure. If retail investors also sell without sufficient demand, the price may face downward pressure.

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