By May 13, the large transaction volumes declined drastically as the transactions crashed by almost half. Large transaction volumes for the day came out to only 3.25 trillion SHIB, which is a 49% decline from the previous day’s numbers of 6.35 trillion SHIB. This brought the dollar figure to only $53.05 million.
Given this, it suggests that these whale investors could’ve been moving so much SHIB at the time to sell. It would explain the sell pressure that pushed the SHIB price down, as well as the decline in the large transaction volumes, as they moved in favor of selling instead of buying.
