Shiba Inu’s price saw a significant 12% drop over the past 24 hours, echoing broader market volatility. Despite this decline, whale investors and Binance traders remain optimistic about the cryptocurrency’s future. While Shiba Inu’s leadership remains silent, notable activity from whales on exchanges like Binance suggests continued interest, with 72% of traders holding long positions in the 1000SHIB/USDT contract, according to CEO Changpeng Zhao. This contrasts with more subdued movements in leading assets like Bitcoin. The lack of official statements from Shiba Inu emphasizes its decentralized nature. Market volatility continues to impact meme tokens and altcoins alike as they navigate this challenging environment.