Let’s cut through the hype: Shiba Inu isn’t dead, but it’s hanging by a thread. Here’s what the on-chain data actually says.
---
Meme Coin Weakness Is Real
Meme coin dominance is at early-2024 lows.
SHIB price has struggled under long-term resistance.
Smart money wallets have steadily reduced exposure.
Translation: professional traders are not betting on a fast rebound. Speculative pumps are over—at least for now.
---
Whales and Holders Are Quietly Accumulating
Holder count has grown from ~1.46M → 1.54M this year.
Whale balances up ~249%; mega-whales up ~28.5%.
Exchange balances down ~22%, reducing immediate selling pressure.
This isn’t panic—it’s slow, deliberate accumulation. The whales are quietly stacking while retail excitement has faded.
---
Price Structure: Weak but Not Hopeless
SHIB is in a long-term falling wedge, often a bullish reversal pattern.
RSI bullish divergence emerged Dec 3–12: lower lows in price vs higher lows in momentum.
Key resistance: $0.0000092 → breakout needed to revive bullish claims.
Downside risk: below $0.0000075 → reversal setup fails.
Bottom line: it’s fragile. The price can stay flat or drift lower until whales push enough to break the wedge.
---
Traders vs Long-Term Holders
Derivatives traders remain cautious; leverage is light.
Whales and holders are building positions quietly.
This split tells you something critical: SHIB’s near-term volatility is low, but long-term survival is supported by strong hands.
---
Conclusion
Shiba Inu is not dead, but it’s not thriving either. Expect slow accumulation and sideways price action unless a broader altcoin rally occurs. Quick gains are unlikely, and retail hype won’t return without a catalyst.
TL;DR: Survival mode. Not hype, not death—just quietly waiting for a reason to move.
