Shiba Inu On-Chain Activity Plummets: What’s Behind the Drop?

Recent data from IntoTheBlock reveals a significant drop in Shiba Inu’s large transaction volume, falling by 74% over the past five days. From 5.76 trillion SHIB on May 20 to only 1.47 trillion SHIB on May 25, this decrease suggests less whale activity. While the specific reason for the drop remains unclear, several possible explanations exist. Whales may be taking a breather, waiting for clearer signals from the wider crypto market before resuming large-scale transactions.