Whales Dump 801B SHIB, Price Drops Amid Bearish Trend
Key Takeaways
- Shiba Inu (SHIB) large investors sold 801 billion tokens within 24 hours.
- The selling pressure led to a price drop for SHIB, despite a short-term increase of 8.45%.
- Indicators such as Stoch RSI and MACD point to continued negative market sentiment.
- A further decline to as low as $0.000010 is possible if selling pressure persists.
Massive Token Sell-Off by SHIB Whales
Over the past 24 hours, so-called “whales” — large investors — sold approximately 801 billion Shiba Inu tokens. This represents an increase in selling activity of over 340% compared to the previous day. According to data from IntoTheBlock, the previous day’s outflows totalled 180.76 billion tokens.
This sharp rise in so-called “Large Holder Outflows” indicates that large holders are currently selling significantly more than they are buying. Net flows — the difference between purchases and sales from large wallets — dropped to -256.9 billion tokens. In other words, more capital is leaving the SHIB market than is being invested.
How Is This Affecting the SHIB Price?
Such massive sell-offs don’t go unnoticed. The price of Shiba Inu fell within a day from $0.00001173 to $0.00001125. At the time of analysis, the price stood at $0.00001131. This effectively erased the short-term upward trend of 8.45%.
Large sales by whales are often seen as a signal of pessimistic market expectations. Many of these investors sell to limit losses, which adds further pressure to the price.
Technical Indicators Confirm Downtrend
A look at technical indicators reinforces the negative outlook. The Stochastic Relative Strength Index (Stoch RSI) dropped from 11 to 3.23 in a single day. This indicator measures price momentum — such a low value suggests strong downward movement.
The MACD (Moving Average Convergence Divergence), another momentum indicator, also slipped into negative territory. This points to a continuation of the current trend.
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What’s Next for Shiba Inu?
If selling pressure continues, a further decline to $0.000010 is possible. Only if SHIB sustainably breaks above the resistance level at $0.00001142 could a positive trend begin to form.
For investors, this means caution is advised. The current market situation is marked by uncertainty, especially due to the behaviour of major market participants.
Our Assessment
Recent developments around Shiba Inu clearly show how influential large investors can be on price movements. The massive sell-off signals a lack of confidence in a short-term recovery. Technical indicators confirm this downward trend.
If you are invested in SHIB or considering entering the market, closely monitor whale activity and the $0.00001142 price level. Only a sustained rise above this threshold could indicate a stabilization. Until then, caution is warranted.
| Symbol | DOGE |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $0.15 |
| 24h % | -3.84 % |
| 7d % | 4.51 % |
| 30d % | -10.54 % |
| 60d % | -45.16 % |
| 1y % | -1.08 % |
| Market Cap | $22,753,926,904.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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