Shiba

Evolution

Shiba Inu

<p>Recently, Shiba Inu (SHIB) disappointed its investors with lackluster performance. However, the memecoin showed some signs of recovery, recording a 4% increase over the last month. Despite this rebound, the slow pace of progress tends to demoralize investors, especially in light of the decreased activity of whales, these large holders capable of swaying market trends. This decline raises questions about the future of SHIB.</p> 
<h2 id="h-l-influence-des-baleines-shib-en-net-recul">The influence of SHIB whales is in sharp decline</h2> 
<p>Significant transactions on Shiba Inu, led by whales, have drastically decreased, dropping from <strong>a peak of 4 trillion SHIB to just 500 billion over the past seven days</strong>. A <a href="https://u.today/shiba-inu-shib-getting-out-of-trillionaire-club" target="_blank" rel="noreferrer noopener">drastic drop</a>, marking a turning point in the movements of this memecoin.&nbsp;</p>
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<p>Whales, often perceived as <strong>masters of the game, seem to be retreating</strong>, or at least, waiting for more favorable market conditions to reinvest. This <strong>scarcity of significant transactions</strong> could make Shiba Inu cryptocurrency more susceptible to price fluctuations, amplified by trades from smaller investors.</p> 
<ul> 
 <li><strong>Whale transaction volume dropped from 8.27 trillion SHIB on October 1 to 1.6 trillion the last day;</strong></li> 
 <li><strong>Large transactions plunged to 88 per day, compared to 383 at the peak of the week;</strong></li> 
 <li><strong>Decreased liquidity increases SHIB volatility.</strong></li> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:SHIBEUR","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:SHIBEUR","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script> 
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  <a href="https://fr.tradingview.com/symbols/SHIBEUR/?exchange=BINANCE" rel="noopener" target="_blank"><span class="text-primary-color">SHIBEUR chart</span></a> by TradingView
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<p>Without the support of whales, Shiba Inu might struggle to maintain its current price levels, or even to avoid <strong>retesting lower supports</strong>. However, the active SHIB community could offset this lack of large investors.</p> 
<h2 id="h-la-regulation-et-ses-impacts-sur-shiba-inu">Regulation and its impacts on Shiba Inu</h2> 
<p>Meanwhile, regulatory challenges surrounding cryptos do not help the situation. <strong>Whales seem to fear a tighter grip by authorities</strong>, thus curbing large transactions. If the regulatory context continues to generate uncertainty, Shiba Inu risks remaining stuck within a limited price range, especially since <strong>the memecoin struggles to surpass the critical resistances of the 100 and 200-day moving averages</strong>.</p> 
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  <img decoding="async" src="https://u.today/sites/default/files/inline-images/image_1323.png" alt="price-SHIB-October 17">
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   SHIB Price Evolution – October 17 – Source: TradingView
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<p>“<em>The trajectory of SHIB will depend on the return of whales, but also on a possible rebound of the overall crypto market</em>,” an expert notes. Indeed, recent attempts to break through resistance levels have been unsuccessful, illustrating a rather gloomy market sentiment.</p> 
<p>In conclusion, it seems that Shiba Inu still has a long way to go to regain its former glory. A return of whales could provide a boost, but <a href="https://www.cointribune.com/en/shiba-inu-powerless-against-the-competition-is-the-famous-crypto-meme-coming-to-an-end/" target="_blank" rel="noreferrer noopener">competition</a> might continue to overshadow the famous memecoin.</p>

Crypto Shiba Inu In Danger? The Decline In Whale Transactions Worsens

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