BitMEX Exchange Delisting Sparks SHIB Selloff as Whale Activity Offers Glimmer of Hope

BitMEX exchange News - Shiba Inu continues to underperform the broader crypto market, declining 1.73% over 24 hours and 1.34% weekly. The token currently trades at $0.00001312, with its $7.73 billion market capitalization reflecting diminishing investor interest. Trading volume plunged 22% to $217 million, intensifying liquidity concerns following BitMEX's delisting announcement. A potential catalyst emerges from significant whale activity—an anonymous transfer of 1 trillion SHIB tokens valued at $13 million. Such large-scale movements often precede major price shifts, though technical indicators remain bearish. The MACD shows weakening bullish momentum while the RSI sits at 43.33, indicating neutral-to-negative market sentiment. Critical support now rests at $0.00001260 after repeated failures to break through the $0.0000139 resistance level. Market analysts are monitoring whether whale accumulation can counteract the BitMEX delisting impact and reignite the meme coin's struggling rally.