SHIB Drops 60% and Somehow That’s Apparently a Good Thing?! Crypto Whales Say Yes 🐳

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Right, so Shiba Inu—the beloved dog coin with more drama than my last relationship—has unceremoniously nose-dived 60%. Big number, huge panic, but hold your leash: the whales (yes, those mysterious crypto titans who probably own more throw pillows than I do dignity) are not running for it. They’re… actually staying put, like they ordered a pint and just realised the pub quiz is about to start.

Let’s get proper technical for half a sec because charts and squiggly lines are apparently the law in crypto. Our dog’s at $0.0000134-ish, which is an amount that sounds made up, but trust me, that decimal is important. The 200-day moving average is still lounging above it, like it’s too posh to join the chaos below. As for the 100-day resistance—think of it as the bouncer who lets in everyone except SHIB.

Despite the downward spiral (mood), SHIB heroically bounced from April’s lows and now stares moodily at “important technical zones.” The RSI is basically shrugging at 56, saying “I’m not too hot, not too cold, just chilling, thanks.” And the part that really perks up my inner gossiper: whales are buying. Yes, those cryptic aristocrats have upped their game by 24.14% in 90 days and nearly 9% just last week. This looks a lot less like fleeing the party and more like ordering extra snacks.

On the flip side, outflows—crypto speak for “I’m getting outta here!”—are down 62.6% for the month and 48% for the week. The whales? Still there. Maybe buying more, maybe just hogging the punch. Wallets holding anywhere from $100,000 to $10 million in SHIB have swollen like my ego after two glasses of wine: +16.2% and +6.45% increases, respectively. These are not casuals—they’re the regulars who order the same combo every Friday.

Some wallets (those 100 million to 1 billion SHIB-sized) are dwindling, which means the tokens are social-climbing up to bigger, bolder holders. That’s how stabilisation often starts: the squabbling tourists leave, the loyalists stick around, and suddenly the vibe’s much less chaotic.

Long story short: just because the price chart looks like a staircase after an earthquake, doesn’t mean disaster. The whales aren’t running, they’re renting. If SHIB can just hop above $0.0000146 and not collapse below $0.0000128, who knows? We might even see a comeback worthy of a dog with a thousand online fans. Maybe wait for some volume, though, before betting the house. Still, meme coin energy? Absolutely unbroken. 🐶✨

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2025-04-30 14:18