Shiba Inu’s Price Plummets—But the Whales Keep Buying

While retail traders panic-sell, deep-pocketed investors are doubling down on SHIB. Here’s why the ’dogecoin killer’ still has teeth.

The Whale Watch

On-chain data reveals seven-figure SHIB purchases by anonymous wallets this week—proving once again that crypto’s elite play by different rules (and risk tolerances) than the rest of us.

Narrative Over Fundamentals?

With no major utility updates, the continued accumulation suggests high-net-worth players are betting purely on meme coin season 2.0. After all, nothing pumps a bag like FOMO and a verified Twitter dog avatar.

The Cynic’s Take

Wall Street would call this ’contrarian investing.’ In crypto? Just another Tuesday where the house wins—whether the asset rises or falls.

In brief

• Despite losses, the majority of Shiba Inu holders keep their tokens long-term.
• The future of this crypto notably depends on reducing its dependence on bitcoin’s price.

Shiba Inu: a crypto abandoned by the general public but kept by long-term holders

59% of theSHIB are “out of the money.” This means they bought their tokens at a higher price than the current value. 78% of them have held their SHIB token for over a year. This impressive figure reflects long-term confidence despite a difficult environment in the crypto market.

The transaction volume dropped by 2.61% to reach $133.6 million. Upstream, the number of new crypto investors remains marginal. It increased by only 2% over the last month. This indicates, particularly among retail investors.

Measured notably by the decline in Telegram subscribers, community engagement is also declining. This signals a short-term loss of interest!

But not everything is bleak! Indeed,remains strong. Proof: the significant transaction volume reached $184.96 million over seven days. This shows that some crypto whales or high-net-worth players continue to bet on Shiba Inu.

Shiba Inu: a digital asset still strongly correlated with bitcoin price movements

According to data, Shiba Inu shows. This simply means its movements closely follow those of the crypto market leader.

Analysis: If the BTC price rebounds, Shiba Inu could benefit from it.

To reverse the current trend, the SHIB token will need to prove that its ecosystem can develop independently.

To attract new investors and regain ground in the crypto scene, Shiba Inu will also have to:

• revitalize its community;
• strengthen its visibility;
• offer concrete innovations.

The situation of Shiba Inu reflects, in any case, the contradictions of the current crypto market. Its future will depend on its ability to rekindle the interest of small holders and to break free from the overall bearish market.

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