Shiba Inu has had a tough year. Its price is down nearly 70% over the past year and more than 90% from its all-time high, leading many to wonder if the meme coin is slowly fading away. With overall interest in meme coins declining, even industry leaders have suggested that the meme-coin era may be over.
That weakness is real. Trading activity and speculation around SHIB have dropped sharply, and experienced traders have been reducing their exposure. Derivatives data also shows that most traders are staying cautious and avoiding heavy bets, meaning quick price rallies are unlikely right now.
However, the full picture is not entirely negative. Despite the price slump, the number of SHIB holders keeps growing, and large investors (whales) have been quietly accumulating more tokens. At the same time, fewer SHIB coins are sitting on exchanges, which usually means less selling pressure. This points to slow, long-term accumulation rather than panic selling.
From a technical view, SHIB is still weak but showing early signs of a possible turnaround. Momentum indicators suggest selling pressure is easing, though the price must break key resistance levels to confirm any real recovery.
