Shiba Inu Surges to 15-Day Peak, Sparking Massive Long-Term Holder Sell-Off
Shiba Inu rockets to its highest level in over two weeks—and veteran holders are cashing out hard.
Profit-Taking Frenzy
Long-term SHIB investors seized the 15-day high as their exit signal, triggering a wave of sell orders that flooded the market. These aren't weak hands panicking—they're strategic players locking in gains after waiting for this exact momentum shift.
Market Psychology at Play
When a meme coin pumps against broader market trends, it creates textbook profit-taking opportunities. The 15-day peak became a psychological trigger point, proving once again that crypto markets run on emotion as much as fundamentals—not that SHIB ever cared much about those anyway.
What's Next for the Dog Token?
The sell-off creates immediate pressure, but also potentially sets up healthier support levels. If new buyers step in to absorb the long-term holder distribution, this could actually strengthen SHIB's foundation. Or it could just be another pump-and-dump in a sector that treats financial principles like optional suggestions.
SHIB Long-Term Holders Move Dormant Tokens
SHIB’s brief rally to a 15-day high during Tuesday’s trading session prompted its long-term holders to MOVE their previously dormant tokens around. This is reflected in the surge in the token’s age-consumed metric, which measures the movement of long-held coins.
According to Santiment, this reached a three-month high of 2715.48 trillion yesterday.
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This metric is significant because long-term holders rarely move their coins. When they do, especially when an asset’s price grows, it hints at a shift in market trends.
Significant spikes in age-consumed like this during a rally suggest that long-term holders are offloading, which could increase market selling pressure.
In addition, SHIB shows a persistently negative Price–Daily Active Addresses (DAA) divergence, signaling that network activity is lagging behind the token’s recent price rise.
At press time, this on-chain metric, which tracks whether a corresponding network activity supports an asset’s price movement, stands at -62.63, highlighting weak support from actual user engagement.
For SHIB, this means the recent rally may be fragile. With network activity not matching price momentum, the token could face short-term pullbacks as selling pressure from long-term holders increases.
SHIB Price Standoff: Support Holds, But Bears Are Waiting
At press time, SHIB trades at $0.00001294, holding above support formed at $0.00001187. If long-term holder selloffs continue, this support floor could weaken, leading to a deeper decline toward $0.00001004.
However, if demand grows and SHIB’s upward momentum strengthens, it could rally to exchange hands at $0.00001408.