A massive whale made a significant purchase of 4 trillion SHIB tokens, worth around $40 million. This is the largest acquisition for SHIB in December, suggesting a possible long-term holding strategy by the whale. The identity and intentions of the whale remain unclear, but it could be related to over-the-counter trades or wallet reshuffling.

The purchase aligns with the increased interest in the Shiba Inu ecosystem, with a surge in network activity and a 40% uptick in active addresses engaging in SHIB purchases. However, SHIB’s price has dropped by 8% due to a significant market correction. Many top cryptocurrencies are also experiencing declines.

Despite the recent drop, SHIB has recorded notable double-digit gains for two consecutive weeks. The price rally is attributed to Shibarium, SHIB’s scaling solution, which has processed over 80 million transactions. Currently, only 23% of SHIB holders are in profit, while 62% are facing losses.

Overall, the SHIB market is experiencing both positive and negative trends, with whales making significant purchases and the network showing increased activity. However, the recent market correction has impacted SHIB’s price, leading to mixed results for investors.