The post Whale Activity Declines 66%: What This Means for Shiba Inu’s Future Price Direction appeared on BitcoinEthereumNews.com.

Whales vanish from Shiba Inu—what does this 66% collapse in activity mean for SHIB’s next move? Shiba Inu’s large transactions dropped 66.15% in 48 hours, hitting a 2-week low in whale activity. If SHIB fails to close above $0.00001478, it could slide further to $0.00001387. Shiba Inu is witnessing a significant drop in whale activity, raising questions about its price stability and future trends. Whale transactions plunge to 2-week low In fact, SHIB’s large transactions fell from 195 to 66 in just 48 hours—a 66.15% collapse. That’s the lowest figure in two weeks. Naturally, such a steep decline signals that whales are retreating from both buy and sell sides. Source: IntoTheBlock Looking at the memecoin’s whale outflow, it has plummeted from 2.06 trillion to 221.6 billion. This implies that whales are selling less SHIB, which is usually perceived as a bullish market signal. The same pattern has emerged in Shiba Inu’s capital inflow. As per IntoTheBlock data, SHIB whale buying has significantly declined from 2.4 trillion to 271.9 billion. Both outflow and inflow have declined by over 2 trillion each, signaling a massive drop in whale activity. Source: IntoTheBlock In short, the absence of conviction is loud. Buyers aren’t confident enough to enter, while sellers appear unwilling to offload at these levels. For now, whales seem content to sit on the sidelines. Price falls as retail traders take charge With whales taking a step back in the market, demand for Shiba Inu has also dipped. This decline has negatively affected SHIB’s price action. As of writing, SHIB traded at $0.00001429, down 5.65% in 24 hours. SHIB has closed with lower lows, dipping on its price charts for six consecutive days. Source: TradingView The recent decline indicates a change in market sentiment, with sellers now taking control. As a result, spot…

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Filed under: News - @ May 17, 2025 11:17 am