The crypto market has continued in deep red, and Shiba Inu whales are increasingly losing resilience, as the latest data from blockchain analytics platform IntoTheBlock shows a massive plunge in whale activities carrying SHIB.
According to data provided by the source, the popular dog-themed meme token has recorded a massive 65.52% drop in SHIB’s large transaction volume in just one day.
SHIB whales exit
In just one day, SHIB wallets carrying a minimum of $100,000 worth of SHIB tokens have declined by a massive 65.52%, indicating reduced activity from large holders. This apparently means a notable decline in investors’ interest.
Following its whale performance over the last seven days, Shiba Inu saw its large transaction volume surge to a notable 17.63 trillion SHIB on June 6, 2025, the highest level it achieved during the week.
However, SHIB whale activities have slumped massively from its weekly high to 948.59 billion recorded over the last day. This suggests that whales have relented significantly and are increasingly selling off their SHIB holdings.
This fall in SHIB’s large transaction volume today coincides with a massive price drop experienced by the network during the same period.
It is important to note that the SHIB large transaction volumes were measured by SHIB transfers involving over $100,000 worth of tokens. Hence, they are usually carried out by institutional investors or retail whales.
As such, the sudden drop in large transaction volume for SHIB suggests a significant pullback by major holders or a broader reduction in investor confidence and trading interest.
While the declining metric reflects bearish sentiments from SHIB investors, it appears that holders have chosen to dump these tokens despite consistent encouragement issued by the Shiba Inu team.
Earlier today, a social media representative of the Shibarium ecosystem urged holders to stay resilient, noting that there are no confirmations yet that the crypto bull market is over.
According to the post, the brutal bloodbath the broad crypto market is currently experiencing might be one of the noisy moments that comes during every cycle. Hence, there are still hopes that the crypto market might flip positive anytime soon.
However, it appears that SHIB holders have turned deaf ears to this, as the notable reduction in SHIB’s price, alongside a huge slump in large transaction volume, suggests that holders are probably exiting the market or trimming their positions.
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