The reintroduction of Shibarium is highly anticipated by the crypto world, but something genuinely strange is going on. Shiba Inu whale activity, often market movers, is clearly declining. The fact that this drop in whale activity is taking place just before the Shibarium restart makes it all the more intriguing.
Could this be a warning that major players are becoming cautious? It is conceivable. Technical difficulties during the relaunch might cause Shiba Inu’s price to crash, costing holders a lot of money. So it would not be unexpected if whales are taking a “wait and see” stance.
Shiba Inu is currently exhibiting very little price fluctuation. The fact that the asset has been largely constant over the previous week may indicate that the market is becoming more circumspect before the Shibarium relaunch.
There are a few ways to interpret the unexpected silence from Shiba Inu’s key players. First of all, they could simply be taking the safe route. The relaunch of Shibarium is imminent, thus any technological difficulties might cause the coin’s value to plummet. So it seems sense to take a little break from participating.
There is also another viewpoint to take into account. Less whale activity may result in a more level playing field for regular investors. Usually able to influence the market, these whales may be levelling the playing field with their present quiet.
Nevertheless, let’s not minimise the effect of this whale’s passivity. These individuals frequently act as the market’s safety net, investing when prices are low and profiting when they are high. If they continue to stay out of the market, there may be some extreme price swings, particularly if the Shibarium relaunch is unsuccessful.
