Shiba Inu Faces a Whale-sized Crisis – Will Sellers Make a Splash?

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  • Shiba Inu is drowning under heavy sell pressure as whales dump a staggering 359 billion tokens in a single day.
  • SHIB faces broad-based selling as every market cohort jumps on the “sell now, regret later” bandwagon.

Alas, poor Shiba Inu [SHIB], a token once beloved by many, now caught in a storm of selling frenzy. Even the mighty whales have lost patience, their fear of further losses pushing them to offload en masse. A tragedy, if you will, but one that could have been foreseen. 🐋

According to IntoTheBlock, these whales are going full-on panic mode. Their outflows soared by a jaw-dropping 229% in a single day—rising from a mere 109 billion to a dizzying 359 billion SHIB. The numbers, my friends, are not kind.

Meanwhile, large holders have reduced their positions to a monthly low of just 4 billion SHIB. A sight akin to the great exodus. 🏃‍♂️💨

Such an exodus from the large holders’ ranks paints a grim picture of the market’s sentiment—bearish and frightened, like a deer caught in the headlights.

When whales start unloading in panic, it’s usually a sign that they believe the price is headed for the depths. A bold move, but one fraught with danger for those left holding the bag. 🎭

But let’s not be fooled into thinking only whales are in on the action.

Sell-Side Pressure Spreads Across All Cohorts

Oh no, dear reader! It seems the entire market has caught the selling fever. No one is safe, not even the smallest of retail investors. Everyone’s rushing to the exits, and they’re not leaving politely either.

Shiba Inu’s Buy/Sell Volume has taken a nosedive, with a negative order imbalance of 134.15 billion. Oh yes, there’s been a lot of selling—1.2 trillion tokens to be exact. The sellers are taking over, dear reader, and the market is on fire. 🔥

more deposits than withdrawals. Translation: people are sending their tokens to exchanges to sell. 🏦

Netflows Confirm Sustained Bearish Pressure

This trend isn’t just a passing moment of panic. No, dear reader, it’s a sustained movement. The positive Exchange Netflow has stayed strong for the past two days, with a netflow of 231 billion SHIB on May 2nd, dropping to 21 billion SHIB by today. Still, that’s 252 billion tokens flowing in, and it’s not looking good for the bulls. 🐂💨

Historically, these kinds of trends—rising inflows and massive sell pressure—are like the harbingers of doom, leading to steep price declines. In short, there are more tokens than there are people willing to buy them. Not exactly a recipe for price success. 📉

If this continues, SHIB may face even harsher corrections in the near future. I’d recommend holding onto your hats. 🎩

Is There Any Hope for Shiba Inu?

Well, as expected, the high selling activity has taken a toll on Shiba Inu’s price. It’s like watching a car crash in slow motion. The price of SHIB has plummeted to $0.00001324, down 8.4% in the past week and 1.84% in the last 24 hours. Ouch.

If this keeps up, Shiba Inu may drop to $0.00001274. But wait—there’s a sliver of hope! If buyers return to the market and challenge the bears, we could see a rally back to $0.00001397. A true underdog story, but it would require a heroic performance. 🦸‍♂️

For this to happen, SHIB needs a daily close above $0.00001376. The stage is set—will the bears hold the line, or will the bulls make a dramatic comeback? 🎭

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2025-05-04 07:12