Is Shiba Inu in Hot Water? Whales Are Bailing 🚤🐕

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Well, folks, the leading meme coin Shiba Inu has done it again – it’s shedding value faster than a husky sheds fur in spring. Now trading at $0.0000125 (yes, those are three zeroes in front, not typos – this is meme money after all), it’s down almost 10% this week. Oy vey! 😅

Now, what’s causing this tailspin? It’s those whales! 🐋 You know, the big-shot, deep-pocketed investors strutting around the crypto seas. Apparently, they’ve decided Shiba Inu isn’t the purebred pooch they thought it was and have been SELLING. Yep, dumping SHIB like bad kibble at an all-you-can-eat crypto buffet.

Whale Watch 2025: It’s a Feeding Frenzy! 🍴🐳

According to IntoTheBlock, SHIB’s large holder netflow is down a staggering 123% this week. That’s like watching your savings account dive while on a rollercoaster during a hurricane. In the same week, SHIB’s price dropped 8%, which – let’s face it – is about as cheery as watching your soufflé collapse during a dinner party. 😩

These whales, by the way, are the top dogs in crypto wallets, holding more than 0.1% of SHIB’s circulating supply. When their netflow goes negative, it’s a neon sign blinking “WE’RE SELLING!” in big fluorescent letters. And what happens when whales sell? Well, let’s just say it puts more pressure on SHIB’s price. Think of it like trying to patch a sinking boat with a Band-Aid. Not great. 🛟

To make matters worse, retail traders (yeah, that’s us normal folk) are also starting to panic. A little whale rug-pull and suddenly we’re running for the exits like it’s Black Friday inside a shady discount electronics store. This could snowball into worse price dips in the short term. Yikes! 😬

Oh, and you chart-lovers out there, SHIB’s Relative Strength Index (RSI) is throwing a tantrum too. Currently at 35.34, it’s sulking its way toward oversold territory. In plain English: the party’s looking grim unless someone spikes the punch and whales waddling past decide to join in again. 🐕🎉

The Line of Doom! (a.k.a. Descending Trend Line) 📉😱

For those of you obsessively sketching this misery out on charts (you know who you are), SHIB has been stuck below its descending trend line since December 8. That’s, like, three months of slowly limbo-dancing down toward financial rock-bottom. Or, as they say at Shiba HQ, “Please don’t look directly at the price!” 🕶️

If this nosedive continues, SHIB could land itself at $0.0000107, which would be a seven-month low 👎. On the bright side, if we all collectively decide to buy SHIB like it’s the last scoop of guacamole at the party, things *could* pick up to $0.0000166. Could. MAYBE. “No promises,” says the market. 😕

So, there it is – the wild, wacky world of Shiba Inu coin. Will the whales come back? Will SHIB’s price stop playing Twister with gravity? And most importantly… should we all just adopt real dogs instead? Stay tuned, and let the drama unfold! 🐕🎬

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2025-03-09 15:58