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Shiba Inu’s 1 Trillion SHIB Shuffle: Is the Meme Over or Just Hungover?

BBG News

In the shadowy underworld of crypto, where dogs and coins jostle for relevance, the majestic (if slightly bedraggled) Shiba Inu finds itself in a predicament even Professor Woland would raise an eyebrow at. Only 1 trillion SHIB romped about yesterday—down from a frolicking 2.6 trillion!—leaving the streets oddly quiet. Imagine a Moscow avenue on payday, and nobody’s out spending. Suspicious, isn’t it? 😏

On the first of May, the tally was a meager 383 billion SHIB, confirming that our dog is not so much barking as napping in the sun. Investors—both the top-hat-wearing institutional whales and the mysterious purse-clutching shadow folk—seem to have wandered off for lunch, and perhaps dessert too. SHIB twitched above the 50 EMA (that’s about $0.00001450 for the numerologists among us), then promptly tripped over its own tail to land just below it. Graceful? Hardly. 🐾

Look at this tableau: SHIB’s price trades at about $0.00001294, volume so thin you’d need a microscope, and the RSI? Hovering like a cowardly specter at 50—neither overbought nor oversold, but full of vague and existential dread. More worryingly, on-chain oracles whisper that 83% of holders are “Out of the Money.” In plain Muscovite: they bought high, now they contemplate their mistakes in candlelit rooms. Only 12% are profitable, and 94%… well, that math doesn’t even add up, which is so very crypto.

If by some miracle the price ascends, expect those ‘underwater’ holders to scramble for the exit with the urgency of Berlioz fleeing the Patriarch’s Ponds. Don’t blink, or you’ll miss the selling stampede. In sum, Shiba Inu lounges in a fog of inactivity, the kind that makes you suspect the Devil’s circus is in town (but nobody got the flyers). Volume fades, new investors yawn, and the whales are off playing baccarat somewhere else.

Will some swashbuckling whale or a miraculous “burn” event rescue our lethargic hound? Until narrative fireworks explode, SHIB might just shuffle sideways or trickle down toward that ominous 200 EMA ($0.00001140). Without drama, all we have is speculation, ennui, and perhaps the faint sound of paws on cobblestones. 🐕💤

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2025-05-04 13:21

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