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Sujit Kumar
Feb 13, 2025

Shiba Inu Struggles as Whale Activity Plummets by 93%

Shiba Inu Struggles
Recent on-chain data reveals that whale transactions for Shiba Inu (SHIB) have fallen by an alarming 93%, highlighting a significant lack of interest from major investors. This drastic decline in large transfers suggests that influential holders are pulling out, leading to reduced liquidity and weakened buying pressure.

Price Decline and Low Trading Volume

The price of SHIB has been steadily decreasing, currently trading at about $0.00001646. The sharp drop in whale activity is accompanied by a significant decline in trading volume, further intensifying the bearish sentiment in the market. The absence of substantial buy orders from institutional investors means that SHIB is struggling to find momentum, leaving retail investors to fend for themselves. With the market sentiment looking pessimistic and large-scale participation nearly nonexistent, expectations for a robust price recovery are dwindling.

Resistance Levels and Recovery Challenges

For SHIB to reverse its downward trend, it would need to overcome key resistance levels at $0.00001769 and $0.00002016. However, given the current state of investor participation and low liquidity, achieving a breakout above these levels seems unlikely. Without a significant catalyst or renewed interest from whales, SHIB may continue to languish, with the overall market remaining unpredictable.

Investors are advised to exercise caution as the SHIB market struggles to regain its footing amid these challenging conditions.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Shiba Inu Struggles as Whale Activity Plummets by 93%
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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