Despite experiencing a significant 60% drop from its local highs, Shiba Inu (SHIB) shows surprising resilience in the market. The behavior of large holders suggests they remain committed to the asset, indicating that they have no plans to abandon their positions just yet. Recent price charts and on-chain data illustrate a cautiously optimistic picture for SHIB enthusiasts. While market conditions may appear challenging, this decline could present a potential buying opportunity for investors willing to take a calculated risk. Monitoring large holders’ movements and overall market sentiment can provide crucial insights into Shiba Inu’s future price performance.