SHIB Token Sees 4.35% Drop Amid Whale Transfer and Market Correction, Active Trading Persists

SHIBUSDT experienced a 4.35% decline in the last 24 hours, with the price moving from a 24h open of 0.00000689 to a current value of 0.00000659 on Binance. The downward movement is largely attributed to recent market correction, broad crypto market weakness, and increased selling pressure following the transfer of approximately 41 billion SHIB to exchanges by a large holder. Additional factors include a temporary halt in the burn rate and ongoing consolidation near long-term support levels. Trading volume remains active, with recent figures ranging from $111 million to $178 million and market capitalization over $4 billion. The circulating supply stands at around 589 trillion SHIB, and accumulation by large holders continues, with positive on-chain activity observed despite short-term bearish sentiment.