SHIB Plummets Post-BitMEX Delisting: Can Whale Buying Power Salvage the Rally?

SHIB takes a nosedive as BitMEX pulls support—now all eyes turn to crypto whales for a potential rescue mission.

The Delisting Blow

BitMEX's sudden removal sent SHIB reeling, triggering panic sells across retail portfolios. Exchange decisions still dictate market movements—because apparently decentralization means relying on centralized platforms.

Whale Watch Activation

Major holders began accumulating at lower levels, creating temporary support zones. Their wallets move markets faster than any fundamental news—classic crypto where influence trumps utility.

Market Psychology at Play

Traders oscillate between fear and greed as SHIB tests key levels. The token's meme origins haunt its attempts at legitimacy—nothing says 'serious investment' like dog-themed volatility.

Regulatory Ripples

The delisting follows broader compliance trends, with exchanges preemptively trimming assets that might attract regulatory scrutiny. Another day, another token learning that 'decentralization' still answers to lawyers.

Will the whales throw enough capital to override the bearish momentum? Or is this another reminder that in crypto, even the shiniest memes eventually meet reality's gravity—usually around the time exchanges start checking compliance boxes.

Shiba Inu price has been under pressure this week, slipping below key technical levels while showing signs of muted momentum. Despite being one of the most traded meme tokens, SHIB is lagging behind the broader crypto market. And has lost -1.73% in the last 24 hours and -1.34% over the week. 

The market cap is sitting at $7.73 billion and 24-hour trading volume has shrunk by more than 22% to $217.03 million. Successively, liquidity concerns and cooling sentiment have taken center stage. Yet, a massive whale transfer of nearly 1 trillion SHIB tokens, that’s worth an astonishing $13 million has injected a dose of speculation back into the conversation.

Shiba Inu Price Analysis

SHIB as I write this analysis is trading at $0.00001312, just above its daily low of $0.00001311. On the 4 hour chart, the token has repeatedly failed to hold above the $0.0000139 level, which aligns with the 200-day EMA. After 3 failed retests this week, the price has now dropped below all major moving averages except the 30-day SMA which is at $0.0000128. This repeated rejection signals strong seller dominance.

Momentum indicators echo the weakness. The MACD histogram shows fading bullish momentum. This is while the RSI is sitting at 43.33, which reflects neutral-to-bearish sentiment. Bollinger Bands show price testing the mid-band, with risks of further downside toward support at $0.00001260. It is worth noting that a deeper slide could see SHIB price testing the next floor at $0.00001164, while resistance lies overhead at $0.00001359 and $0.00001440.

Whale Moves and Delisting Shape Sentiments

Beyond technicals, external factors have weighed heavily on SHIB. The BitMEX delisting of SHIB perpetual contracts reduced derivatives liquidity. This makes it harder for traders to speculate on Leveraged positions. At the same time, whale activity has remained rather still, large transactions (>$100k) have dropped 88% since mid-June. According to IntoTheBlock, the daily volume of such trades sits at just $23.36 million.

However, not all signals are bearish. On September 4, exchange outflows hit 5.3 billion SHIB, suggesting coins were moved into cold storage. That being said, long-term holders seem unwilling to panic-sell. The latest whale move, of nearly 1 trillion SHIB transferred, adds intrigue, hinting at accumulation and sparking speculation.

FAQs

Because of low trading activity, the BitMEX delisting, and fewer big investors buying in.

Watch support at $0.00001260 and $0.00001164. On the upside, resistance is $0.00001359 and $0.00001440.

Yes, the recent 1T SHIB transfer suggests potential accumulation, which could drive volatility.