{"id":8682,"date":"2025-08-24T19:03:05","date_gmt":"2025-08-24T19:03:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/shiba-inu-price-nears-big-move-as-whale-activity-dries\/"},"modified":"2025-08-24T19:03:20","modified_gmt":"2025-08-24T19:03:20","slug":"shiba-inu-price-nears-big-move-as-whale-activity-dries","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/shiba-inu-price-nears-big-move-as-whale-activity-dries\/","title":{"rendered":"Shiba Inu price nears big move as whale activity dries"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The Shiba Inu price dropped by over 3% on Sunday, erasing some of the gains made on Friday following Jerome Powell\u2019s statement at the Jackson Hole Summit.<\/p>\n<div id=\"cn-block-summary-block_bad79150a7f54e86a07139123dee1993\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Shiba Inu price retreated on Sunday as Friday\u2019s gains faded.<\/li>\n<li>Smart money and whale activity has faded this month.<\/li>\n<li>Shibarium activity has also weakened, leading to lower fees.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Shiba Inu\u2019s (SHIB) retreat mirrored moves by Bitcoin (BTC) and other top altcoins like Ethereum (ETH) and Ethena (ENA). It also coincided with falling whale and smart money activity.\u00a0<\/p>\n<p><span style=\"margin: 0px;padding: 0px\">Nansen\u00a0<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.nansen.ai\/token-god-mode?tokenAddress=0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce&amp;chain=ethereum&amp;tab=token-distribution\" target=\"_blank\">data<\/a>\u00a0shows that savvy money investors hold 40.42 billion tokens today, down from the July peak of 48.6 billion.<\/span> Their holdings have remained stagnant since Aug. 5.\u00a0<\/p>\n<p>Similarly, whales hold 45 billion SHIB coins, down from last month\u2019s high of 47.6 billion. The ongoing trend is a sign that top investors are concerned about SHIB\u2019s trajectory following its 60% crash from its November highs.<\/p>\n<p>The ongoing Shiba Inu price crash also coincided with a decline in activity within its ecosystem. Data shows that Shibarium, its layer-2 network that launched in 2023 is not seeing significant activity.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The total value locked in the network <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/shibarium\" target=\"_blank\">dropped<\/a> to $1.79 million, and there is no stablecoin activity. There are only 17 DeFi protocols in its ecosystem, including Shibarium, WoofSwap, ChewySwap, and DogSwap.<\/p>\n<p>Shibarium was created to enhance Shiba Inu\u2019s ecosystem by transitioning it from a mere meme coin into a utility token. Its success would also contribute to Shiba Inu\u2019s scarcity as some of the fees are converted from BONE to SHIB and incinerated.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Shiba Inu price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">SHIB price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe chart indicates that the SHIB price has been moving sideways over the past few days. As a result, it has consolidated along the 50-day and 100-day Exponential Moving Averages, and its Average True Range has decreased, indicating low volatility.\u00a0<\/p>\n<p>The Shiba Inu price has also formed a symmetrical triangle pattern whose two lines are about to converge. In most cases, bullish or bearish breakouts happen when the two lines converge.\u00a0<\/p>\n<p>A bullish breakout will see it rise to the key resistance level at $0.00001600, its highest point on July 22. On the other hand, a drop could push it to $0.00001015, its lowest level in June.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Shiba Inu price dropped by over 3% on Sunday, erasing some of the gains made on Friday following Jerome Powell\u2019s statement at the Jackson Hole Summit. Summary Shiba Inu&hellip;<\/p>\n","protected":false},"author":1,"featured_media":333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8682"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8682\/revisions"}],"predecessor-version":[{"id":8683,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8682\/revisions\/8683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/333"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}