Citing U.Today, Shiba Inu (SHIB) has experienced a significant decline in large transaction volume over the past 24 hours, with a 76.21% drop to 1.9 trillion SHIB, valued at approximately $54.1 million. This decrease in whale activity raises questions about the market's cautious sentiment and potential profit-taking. SHIB's price also fell by 2.05%, trading at $0.00002744, while its trading volume decreased by 9.05% to $854 million. The recent price movements suggest a consolidation phase following a previous price increase. Analysts note that SHIB's price rebound paused at $0.000030, indicating potential resistance. The market's direction may be influenced by the upcoming U.S. Federal Reserve meeting on Dec. 18, where interest rate decisions could impact investor confidence.
SHIB Large Transactions Drop 76% in 24 Hours
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