Shiba Inu's Rally May Have Triggered Whale Profit-Taking

Shiba Inu's recent 37% price surge may have triggered large investors to take profits, according to analytics platform Santiment.

The analysis suggests that smaller traders may have provided liquidity for bigger holders to reduce their exposure as prices climbed.

Santiment reported a spike in social activity and on-chain metrics, indicating retail traders entered the market later in the rally.

The firm noted 52 SHIB whale transactions in a single day during the advance, marking the highest daily total since March 31.