Shiba Inu Slides 4.5% On The Week: Why Is It Going Down?

Shiba Inu (CRYPTO: SHIB) is down 4.5% on the week but continues to attract optimism from traders and analysts, especially after a dormant whale reappeared after three years.

According to Lookonchain, wallet address 0x6E45 transferred 100.45 billion SHIB (worth $1.21 million) to Binance after three years of inactivity. The whale netted a $311,000 profit, though at SHIB’s all-time high, the same position could’ve delivered over $2.7 million in gains.

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