Shiba Inu whale volumes dropped by 49% in a single day, indicating a possible change in market dynamics.
On May 12, large transactions involving 6.35 trillion SHIB worth $100 million were recorded, but this declined to 3.25 trillion SHIB worth $53.05 million on May 13.
The decrease in large transactions coincided with a market slowdown, suggesting whale investors might have been selling SHIB, leading to a price dip to $0.000015.
Currently, less than 50% of Shiba Inu holders are in profit, with the majority still experiencing losses. However, Shiba Inu maintains its position as the second-largest meme coin with a market cap of nearly $9.5 billion.