Shiba Inu Exodus Accelerates: Is the Meme Coin’s Rally Running on Fumes?

Shiba Inu holders are fleeing like dogs with tails on fire—address outflows hit record highs this week. The meme coin that once barked up the crypto tree now faces its toughest test yet.

### The Great SHIB Drain

Wallet activity suggests a stampede for the exits. Whether it's profit-taking or panic-selling, the trend spells turbulence ahead for the Dogecoin rival.

### Liquidity Tsunami or Puddle Jump?

Exchanges are swimming in SHIB deposits—normally a precursor to price dumps. But in crypto's circus, even bearish signals sometimes trigger FOMO rallies (until they don't).

### Meme Coins: Greater Fools or Financial Revolution?

As always with speculative assets, the music stops when liquidity dries up. SHIB's real test? Proving it's more than just a leveraged bet on Twitter hype and billionaire memes.

Funny how 'decentralized' coins always seem to move in herds—almost like traditional markets, but with more laser eyes and rocket emojis.

High Percentage Outflows in Shiba Inu: A Misleading Metric?

According to transparent Blockchain data provided by IntoTheBlock, SHIB experienced a 12,887% surge in large address outflows over a 30-day span. This figure resulted from the mathematical effect of small initial amounts. For instance, a transfer of 10 million units yesterday and 1.3 billion today doesn’t indicate mass panic. Although the percentage change may seem high, experts suggest this could result from sporadic or delayed whale activity.

The percentages over 7-day and 90-day intervals indicate a much more subdued trend. The 58% weekly increase points to a steady exit rather than sudden panic. A 34% rise over 90 days suggests a more extended trend of whale portfolio adjustments. This trend reflects a moderate upward path rather than an abrupt outflow.

SHIB Coin Price and Momentum Indicators

Shiba Inu’s primary network asset, SHIB coin, is struggling to surpass the resistance level around $0.0000125. This failed resistance test nullified previous momentum. Following this, selling pressure on the altcoin intensified. Rising trading volumes coupled with a falling price indicate that sellers are highly motivated.

In the short term, the $0.0000122 support level is critical. The Relative Strength Index (RSI) hovers around the 40-mark, with decreasing volume. There isn’t an oversold condition yet, but buyer strength is weak. The increase in large address outflows hints at short-term confidence issues.

Experts caution that market volatility could either heighten or alleviate this pressure. As long as there is no surge in individual demand, a spontaneous recovery is not anticipated. Bulls are likely to remain cautious until a new catalyst emerges, which advises careful consideration in SHIB coin activities for the foreseeable future.