Shiba Inu Whale Activity Plummets 65%, Suggesting Market Pullback

The cryptocurrency market is experiencing a significant downturn, with Shiba Inu (SHIB) witnessing a dramatic decrease in whale activity, according to blockchain analytics platform IntoTheBlock. The data reveals a staggering 65.52% drop in large transaction volume for SHIB just one day, indicating a decline in interest from major investors. This follows a period of heightened activity, with SHIB’s large transaction volume reaching a record high on June 6, 2025, before rapidly plummeting.