Whales Trigger 43% Decline in Shiba Inu Amid Ecosystem Challenges
- Shiba Inu (SHIB) fell 43% to $0.0000099 due to weak burns, stalled Shibarium, and whale selling. - Shibarium's TVL dropped to $878,000 with 18 active developers, while ShibaSwap's hack worsened ecosystem instability. - Whale outflows and bearish technical patterns signal further declines, with a key support level at $0.000006946. - Historical November trends and macro risks like Fed policy amplify concerns amid broader crypto market sell-offs.
Shiba Inu (SHIB) is under increasing strain as its value keeps sliding, influenced by technical shortcomings, ecosystem setbacks, and changing investor attitudes. The token has dropped to $0.0000099, marking a 43% decrease from its yearly high and standing 70% below its peak in November 2024, according to a
The burn rate—the pace at which
Large holder activity has worsened the decline. Nansen data reveals major outflows from top SHIB holders, who have cut their positions to the lowest levels in months, as Invezz reports. Savvy investors have followed suit, selling off their holdings amid expectations of further losses. On-chain indicators point to continued bearishness, with SHIB trading below important moving averages and displaying descending triangle and bearish flag formations on daily charts, according to Invezz. Analysts caution that if SHIB falls below $0.000006946, it could prompt even more selling.
Past performance also urges caution. Over the last four Novembers, SHIB has averaged a 0.26% return but suffered a median loss of 9.1%, highlighting seasonal risks, according to a
Despite these headwinds, some experts point to possible triggers for recovery. Community-led efforts and upgrades within the ecosystem may help renew interest, though Shibarium’s ongoing difficulties remain a concern. For now, investors are encouraged to keep an eye on blockchain activity and global economic trends as SHIB navigates a precarious environment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dogecoin Latest Updates: Massive Whale Sell-Off Triggers DOGE Plunge as $0.18 Floor Collapses
- Dogecoin fell below $0.18 as whale selloffs and institutional offloading intensified, triggering bearish momentum. - On-chain data showed 440M DOGE liquidated by mid-tier holders, with technical indicators like death crosses confirming downward pressure. - Analysts warn $0.18 support failure could drive prices toward $0.07, while top-tier holders increased supply share to 19.46% amid selloff. - Upcoming $17.8M DOGE unlocks and Fed policy trajectory may influence volatility, with traders treating rallies
Litecoin Shows Bullish Signs Despite 5% Drop: Will a Break Above $105 Spark a Major Rally?
- Litecoin (LTC) shows bullish signals as Bollinger Band Width hits record lows, with Tony Severino highlighting a "Hammer" candle above the band for a positive bias. - Technical indicators suggest a potential 30% rally to $137 if LTC breaks $105, supported by $4.08M in exchange outflows and skewed derivatives activity favoring long positions. - Analysts project ambitious targets ($300–$2,000) citing consolidation and MWEB upgrades, though warnings of short-term $30 pullbacks and mixed price action ($94, -
Solana News Update: Institutions Rush to Solana’s Returns as Fintech Firms Struggle with Earning Profits
- SoFi Technologies, a fintech leader, reported $2.34B revenue in 2024 (up from 2021) but faces ongoing net losses (-$113.3M) amid expansion into AI ETFs and blockchain services. - Mono Protocol's $2.83M presale targets 1,011% returns, leveraging WalletConnect and Chainlink partnerships to compete in Web3 infrastructure. - Solana attracts 81% staked SOL (7% yield) and $417M ETF inflows, outpacing Ethereum in institutional adoption despite Ethereum's $12B real-world asset lead. - Regulatory uncertainty pers
Bitcoin News Update: DeFi Faces Confidence Challenge as $110M Balancer Breach Exposes Widespread Weaknesses
- Balancer's $110M DeFi pool exploit drained $128M across multiple chains, triggering market panic and BAL token crashes. - Forks like Beets Finance and Berachain halted operations, while PeckShield linked the breach to admin key flaws or shared contract vulnerabilities. - BTC/ETH/SOL prices fell as traders de-risked, with BAL facing bearish technical outlooks and potential $0.80 support levels. - 2025 DeFi losses now exceed $2.8B, exposing systemic security gaps as regulators and institutions scrutinize s
Trending news
MoreCrypto prices
More
