Shiba Inu’s large-scale holders are reducing their exposure as the meme-based cryptocurrency faces a significant drop in whale activity. On-chain data reveals a consistent decrease in wallets holding between 1 trillion and 10 trillion SHIB.
The declining investor confidence shows through this development since investors had previously planned a long-term stake in SHIB. Research indicates that new smaller investors have failed to take over the space emptied by withdrawing whales.
Recent analytics show that enormous transaction volumes have dropped dramatically throughout the past week. Significant wallet activity during April 12 reached only 15 recorded transactions, while the figure was 112 on April 7.
Public institutions and wealthy investors have demonstrated declining interest because of reduced transactions at these levels. Market bullishness toward Shiba Inu has suffered from noticeable impacts throughout all major trading platforms.
Metrics Signal Mounting Pressure on SHIB’s Price Structure
Only ten percent of Shiba Inu token holders show profits from their assets at their current market value of $0.0000123. The SHIB positions of 88% of wallets show unrealized market losses at current prices.
Blockchain analytics demonstrate that approximately 900 trillion SHIB tokens have lost value according to market parameters. This crisis has spread negative feelings among the members of the Shiba Inu community.
The SHIB price has maintained a position beneath all three moving averages of 50, 100, and 200 days since 2024 started. The market has prevented price breaks from reaching $0.0000128 while producing no extended price increase.
The market volume keeps declining while the Relative Strength Index remains neutral. Multiple indicators reveal that SHIB lacks any indication of bullish price growth during the upcoming period.
Concerning developments are happening because project lead Shytoshi Kusama has become less visible to the public. In recent months, project leaders have not presented any necessary roadmap adjustments and strategic business relationships.
The popularity of Shiba Inu mainly depends on its renowned status and speculative nature. The coin faces the danger of losing its market value since it fails to add anything new or innovative to its story.
Conclusion
Big holders from Shiba Inu’s community continue to leave its ecosystem, which causes its visibility to decrease alongside a decline in whale activity. SHIB faces a challenge in recovering momentum because no apparent leadership and limited strategic updates have emerged recently.
