Shiba Inu (SHIB) has faced intense stagnation since it failed to breach the long-term resistance at $0.00001596. Currently, the price floats near $0.00001450 with no clear direction. The daily chart highlights indecision, as several breakout attempts have fizzled, and mounting bearish pressure continues to suppress any bullish momentum.
Whale Activity Hits Rock Bottom
More concerning than SHIB’s erratic price action is the dramatic drop in whale activity. Over the last 30 days, large holder inflows have plummeted by a staggering 83%, while outflows have fallen over 80%. These figures indicate that whales and large investors often considered smart money have stepped away from the token.
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In early May, SHIB inflows peaked at around 8 trillion tokens. Today, they have dropped sharply to under 2 trillion. This disappearance of high-volume transactions signals a significant loss of interest from the most influential players in the SHIB market.
Stalled Ecosystem and Broader Market Trends
The outflows have mirrored the inflow collapse, reinforcing a complete lack of conviction from major holders. This behaviour usually points to upcoming periods of low liquidity and minimal price movement a typically bearish sign for any asset. Analysts argue this shift isn’t driven by a single event or actor but stems from broader market conditions.
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Bitcoin has reclaimed 52% market dominance, drawing capital and attention away from altcoins like SHIB. Meanwhile, the Shiba Inu ecosystem hasn’t introduced impactful updates to reignite investor interest or spark new momentum.
Source: CoinMarketCap
Technically, SHIB clings to vital support between $0.000014 and $0.0000135. Without whale support, the price risks falling further. A breakdown below this range could lead to a decline toward $0.000012. Conversely, a recovery beyond $0.000016 would signal renewed confidence and potentially shift momentum.
For now, SHIB remains caught between two forces — the silence of its own large holders and the gravitational pull of Bitcoin’s rising dominance. Whether SHIB weathers this lull or faces deeper declines will depend on whether the ecosystem can reignite interest and whales return to the scene.
