Usman Salis
The crypto world is full of contradictions, but what's happening with Shiba Inu right now is pretty wild. While most people would expect investors to run for the hills when a token's price is dropping, SHIB holders are doing the exact opposite. Despite a 5% daily decline, thousands of new wallets are jumping in, creating one of those "wait, what?" moments that make crypto so unpredictable. Let's dive into what's really going down with everyone's favorite dog coin.
SHIB Takes a Hit But Holders Keep Coming
So here's what's happening with Shiba Inu right now – the price is getting hammered, sitting at $0.00001331 after dropping 5.67% in the last day and 11.34% over the week. Ouch, right? But here's the weird part: people are still talking about it like crazy, ranking second only to FLOKI in memecoin mindshare.
The buzz around SHIB has cooled off a bit though – mentions dropped 41% with only 51 total mentions and 12 from key opinion leaders. The mindshare sits at 0.49%, which isn't terrible but definitely shows the hype is fading.
The Plot Twist: Everyone's Still Buying
Here's where it gets interesting – despite the price tanking, over 6,500 new wallets jumped into SHIB in just 24 hours. That pushed the total holder count to 1,531,275, up 0.43%. Looks like smart money might be scooping up SHIB while it's on sale, betting on a comeback.
Trading volume tells the same story, surging 25.63% to $132,208. So yeah, the price is down, but activity is definitely heating up. SHIB's still stuck trying to break that $0.000017 resistance level, but with all this new interest, who knows?
SHIB might be bleeding price-wise, but the wallet growth and volume spike suggest something's brewing. Whether it's accumulation before a bounce or just people catching a falling knife, only time will tell.
Usman Salis
