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>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://coinbase-consumer.sjv.io/c/2801338/552039/9251" target="_blank" rel="noreferrer noopener">Your 1st cryptos with Coinbase</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<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> 
</ul>  
<div class="tradingview-widget-container tradingview--mini-chart"> 
 <div class="tradingview-widget-container__widget"></div> 
 <div class="tradingview--mini-chart--dark"> 
  <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> 
 </div> 
 <div class="tradingview--mini-chart--light"> 
  <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> 
 </div> 
 <div class="tradingview-widget-copyright">
  <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
 </div> 
</div>  
<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> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://u.today/sites/default/files/inline-images/image_1323.png" alt="price-SHIB-October 17">
  <figcaption class="wp-element-caption">
   SHIB Price Evolution – October 17 – Source: TradingView
  </figcaption>
 </figure>
</div> 
<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

Table of Contents

Cointribune EN

Other articles published on Oct 18, 2024

Crypto Whale’s Influence on Markets

MicroStrategy’s Michael Saylor Says Buying Bitcoin Could Add $2 Trillion to Apple’s Market Cap

Bora Price Prediction 2024 – 2030: BORA Price To 2X This Q4?

Citi Shares Bullish Scenario for Bitcoin and Cryptocurrencies!

Turning $96 Into $3 Million: The Story of One Trader’s Massive $TRUMP Memecoin Gain

Ripple Receives Positive SEC Decision on XRP

Join our free newsletter for daily crypto updates!