Shiba Inu price dropped together with the rest of the market, shedding 6.5% of its value. However, whale activity skyrocketed to a monthly high, suggesting that large investors may be looking to top up their bags at discount prices. This surge in whale activity coincides with the Shiba Inu community’s efforts to enhance the ecosystem through plans to launch a decentralized autonomous organization (DAO). Meanwhile, retail traders took the opportunity to make a few bucks by shorting the asset. Will SHIB price survive this market onslaught?