The Shiba Inu (SHIB)<\/a> landscape is witnessing a dramatic decline in the activity of its once-prominent whales. Large holders and traders of SHIB have reportedly scaled back their involvement to levels not witnessed since early December, marking a 77% drop in large transactions within a mere two days.<\/p>\n Data sourced from\u00a0IntoTheBlock<\/a> reveals that the volume of substantial SHIB transactions plummeted to 1.46 trillion tokens over the last 24 hours, equivalent to $15.83 million. Strikingly, this sharp decline only considers transactions exceeding $100,000 in Shiba Inu tokens, with a meager count of 48 such transactions within the specified time frame.<\/p>\n Delving deeper into the\u00a0Shiba Inu<\/a> ecosystem, the dwindling activity extends to the wallets of large holders. Notably, during the observed period, wallets holding at least 0.1% of the total SHIB volume received a paltry 324.24 billion tokens, while relinquishing a staggering 235.13 billion SHIB. These figures represent an 88.86% reduction in inflows and a substantial 90.7% decrease in outflows.<\/p>\n The implications are twofold. On one hand, the disappearance of SHIB whales indicates a significant reduction in their activity, approaching near-extinction levels. On the other hand, this vacuum left by whales suggests an imminent explosion of on-chain activity, potentially paving the way for another exhilarating roller coaster ride for the popular token.<\/p>\n![](\"https:\/\/u.today\/sites\/default\/files\/inline-images\/shib1_55.png\")