Shiba Inu’s price is taking a hit, and the numbers tell a worrisome story. Whale transactions—those massive trades above $100,000—have tumbled by 61% in just 24 hours. Trading volume is down by over half, and SHIB is struggling to stay above a key support level. The question now is whether this trend will continue or if big-money investors will return to stabilize the market.
Whale Transactions Take a Steep Dive
The sudden drop in whale activity is one of the biggest concerns for SHIB holders right now. These high-value investors often dictate the movement of the market, and their absence is rarely a good sign.
- The number of whale transactions dropped from 353 to just 136 in a single day—a 61% fall.
- The total volume of SHIB moved in these transactions shrank from 6.81 trillion SHIB to 3.05 trillion SHIB, reflecting a 55% drop.
- In dollar terms, the impact is just as stark: $128.95 million worth of SHIB was traded before the decline, but now that number stands at just $54.74 million.
This kind of steep pullback often signals uncertainty. Are whales cashing out entirely, or are they just waiting for the right moment to re-enter?
SHIB Struggles to Hold Above Key Support
For smaller investors, the key question is whether SHIB can hold its ground. The token briefly dipped below $0.000020, a level that many traders were watching closely. Now, it sits just above $0.000018, but without strong buying pressure, the risk of further decline remains.
One single sentence paragraph: If SHIB drops below this level, it could trigger even more sell-offs.
Support levels act like safety nets. If enough buyers step in at a key price, the asset stabilizes. But with whale activity fading, that support is looking fragile.
Market Sentiment Signals More Uncertainty
The crypto market is often driven by momentum, and right now, SHIB’s momentum isn’t looking strong.
Here’s what’s weighing on investor sentiment:
- Whale withdrawal: A lack of large buyers can create a snowball effect, as smaller investors lose confidence.
- Bearish pressure: When big-money players sit on the sidelines, downward trends tend to continue.
- General market conditions: The broader crypto space is in a cautious phase, with investors waiting for the next big catalyst.
One small bright spot: Meme coins like SHIB often have a strong community backing, and sometimes all it takes is a renewed push from retail traders or an unexpected surge in interest to shift the tide.
What Happens Next?
Predicting crypto markets is never easy, but looking at the data, there are a few possible scenarios.
Scenario | What It Means for SHIB |
---|---|
Whale activity picks up again | SHIB stabilizes and could bounce back above $0.000020 |
Whales remain on the sidelines | SHIB could test lower support levels, possibly below $0.000018 |
Broader crypto market turns bullish | SHIB benefits from overall market gains |
For now, investors will be watching closely to see if large-scale buyers return. If not, further price drops could be in store.
Final Thoughts
Right now, the data is clear: whales are pulling back, trading volume is down, and SHIB is sitting at a fragile price point. The next few days or weeks could determine whether this is just a temporary dip or the start of a longer downtrend. For anyone holding SHIB, staying informed is more important than ever.

Eva Lane is a dedicated crypto news writer at Crypto Quill, with a keen eye for emerging trends and developments in the world of cryptocurrency. Passionate about blockchain technology and digital currencies, Eva’s articles provide readers with timely and informative insights into the dynamic realm of crypto. With a knack for thorough research and clear communication, Eva delivers engaging content that keeps audiences informed and engaged. Count on Eva to unravel the complexities of the crypto world and bring you the latest news and analysis with precision and expertise.