Peter Smith
Shiba Inu (SHIB) faces a severe decline in network activity with only 320 billion tokens traded in the past day, marking a dramatic drop from previous trillion-token volumes. The meme coin struggles near multi-month lows as whale interest evaporates and technical indicators flash bearish signals.
SHIB Network Activity Hits Rock Bottom
The most recent Shiba Inu data presents a truly dismal picture for the popular meme cryptocurrency. In the last 24 hours, only 320.14 billion SHIB tokens changed hands across the network - a figure that would have been considered insignificant during the token's more bullish periods. To put this into perspective, during peak trading days, SHIB's 24-hour transaction volume frequently soared past one or even two trillion tokens. Compared to those previous highs, today's 320 billion figure represents little more than a rounding error.
This dramatic decline in trading activity signals a fundamental shift in market sentiment toward Shiba Inu (SHIB). The stark contrast between current volumes and historical peaks highlights just how far the token has fallen from its glory days when retail investors and crypto enthusiasts were driving massive speculative waves through the market.
SHIB Whale Activity Remains Disappointingly Low
The weakness in overall trading volume is further reinforced by on-chain data revealing that large transaction volumes continue to remain suppressed. Even as SHIB's price struggles to maintain its footing above critical support levels, institutional and whale activity shows no signs of meaningful recovery. The seven-day peak for big transactions reached only 3.14 trillion SHIB - a fraction of the massive volumes that initially fueled the meme-coin frenzy during its heyday.
Perhaps most telling is that at 320 billion tokens traded, SHIB finds itself in exactly the same position it occupied seven days ago. This stagnation suggests that the token has entered a prolonged period of consolidation, with neither buyers nor sellers showing sufficient conviction to drive significant price movement in either direction. The lack of whale participation is particularly concerning, as these large holders typically provide the liquidity and momentum necessary for substantial price rallies.
SHIB Price Action Flashes Dangerous Technical Signals
The price chart for Shiba Inu (SHIB) presents equally troubling signs for investors hoping for a near-term recovery. Currently trading perilously close to multi-month lows at approximately $0.0001297 USDT, the token appears increasingly vulnerable to further downside pressure. The recent breakdown below both the 50-day exponential moving average (EMA) and key horizontal support levels has emboldened bearish traders and technical analysts.
Looking at the broader technical picture, the 200 EMA now looms as a potential final line of defense before SHIB could slide into even deeper bearish territory. The general malaise surrounding the token is clearly reflected in its price action, which has been characterized by a series of lower highs and lower lows since late 2024. This pattern has effectively trapped SHIB in a sustained downward trend that shows little sign of reversing without a significant external catalyst.
SHIB Faces Uncertain Future Without Volume Revival
The sharp decline in large transaction volumes serves as perhaps the most concerning indicator for SHIB's immediate prospects. This metric directly reflects the lack of interest and conviction from whales and institutional players who could potentially drive the token's next major price movement. The seven-day average of 2.76 trillion SHIB transactions further reinforces the narrative that this once-vibrant meme coin simply isn't moving with the same energy and enthusiasm it once commanded.
Without a fresh wave of speculative fervor or renewed retail interest, it becomes increasingly difficult to envision SHIB mounting a significant comeback in the near term. The current market dynamics suggest that retail participation has cooled considerably, leaving the token without its traditional base of support. To put it bluntly, SHIB appears to be stuck in a cycle of declining interest and diminishing returns.
The path of least resistance for Shiba Inu (SHIB) currently points downward rather than upward, barring the emergence of a significant catalyst or a coordinated whale-led buying surge. Without substantial volume returning to support price action, SHIB's trajectory is likely to remain mired in the doldrums for the foreseeable future. In this context, the 320 billion SHIB trading figure serves more as a warning signal for existing holders than a cause for celebration, highlighting the urgent need for renewed market interest to break the token out of its current malaise.
Peter Smith
