Shiba Inu Crash Alert: Whales Dump $18B Coins Spark Price Collapse

Over the last few weeks, the cost of Shiba Inu has stayed fairly stable, not keeping pace with other digital currencies that have outperformed it.

On Thursdays trading, Shiba Inu (SHIB) was priced at approximately 0.000015 USD, marking a 46% increase from its year-to-date lowest point. However, Pepe (PEPE) has surged by an impressive 177%, while Dogecoin (DOGE) has climbed by 85%. Remarkably, other meme coins based on the Solana network like Bonk, Fartcoin, and Trump Coin have shown even greater growth.

The Shiba Inu coin has not kept pace with the overall market due to increased selling from large investors, or “whales.” According to Santiment, the amount of Shiba Inu held by these whales is now at its lowest point since January, totaling approximately 725.45 trillion coins. Since January 19th, over 18 billion Shiba Inu tokens have been sold by these large investors.

It appears that a metric called Mean Dollar Invested Age (MDIA) has dropped from 115 in April to 110 recently. This suggests that previously inactive tokens are now being traded, which is usually interpreted as a negative sign or a bearish trend.

Shiba Inu (SHIB) has not performed well as investor interest has waned. As per CoinGecko, its 24-hour trading volume was only $472 million on Thursday compared to Dogecoin’s $3.64 billion and Pepe’s $3.4 billion. Even lesser-known meme coins like Bonk, Dogwifhat, and Moo Deng reported higher volumes.

Currently, the rate at which Shiba Inu tokens are being destroyed has decreased. Over the last 24 hours, the burn rate dropped by 11.5%, amounting to approximately 13.5 million tokens. Interestingly, less than 50 million SHIB tokens have been burned in the past five days, which is quite a low number compared to usual.

Shiba Inu price analysis

Over a span of multiple months, the three-day graph indicates that Shiba Inu (SHIB) has faced continuous downward momentum. It peaked at $0.00003320 in December, but currently hovers around $0.000015.

The token is currently sitting below not only the 50-day but also the 200-day moving averages. Furthermore, it has created a substantial bearish flag pattern, which typically involves an initial steep decline followed by a phase of stabilization. During this stabilization stage, the price action resembles a rising wedge, a bearish chart formation that consists of two ascending and eventually converging trendlines.

Read More

• The Last of Us season 2 confirms spring 2025 release on HBO

• Clair Obscur: Expedition 33 Ending—Maelle or Verso? All Endings and Twist Explained

• Cookie Run: Kingdom Version 6.4 mid update brings Beast Raid, Boss Rush Season 2-2 and more

• Netmarble announces Game Of Thrones: Kingsroad, with the open-world RPG coming to Mobile and PC in 2025

• Deadly Dudes Hero Tier List

• The Handmaid’s Tale season 6: Everything we know about the final season

• Mission: Impossible The Final Reckoning Review: An Adrenaline-Fueled Homage

• Original The Elder Scrolls IV: Oblivion Designer Says Bethesda’s Remaster Is So Impressive It Could Be Called ‘Oblivion 2.0’

• DreamHack Dallas meets IEM Dallas 2025: Everything to know and how to secure your tickets

• Cookie Run: Kingdom Pure Vanilla Cookie (Compassionate) Guide: How to unlock, Best Toppings, and more

2025-05-22 18:38