Shiba Inu whale activity has dropped by 79%, with large transactions over $1 million declining significantly since December 2024.
The community has intensified its burn efforts, removing 34.2 million Coin in 24 hours, a 133.66% increase, while weekly burns have surged by 120.3%.
Despite a 22.4% decline over the past month, SHIB is holding firm above its key support level, awaiting the next significant market move.
Shiba Inu's official Twitter account hinted at the possibility of an impending Golden Cross formation on the charts, potentially signaling a bullish trend.