Saad Ullah
Shiba Inu (SHIB) faces major headwinds after large holders pull back dramatically, threatening the meme coin's recent recovery attempts.
Shiba Inu (SHIB) just got hit with some pretty brutal news. Large holder activity has absolutely crashed by 95% this week, and it's got investors seriously worried about what comes next. When the big players start heading for the exits, it's never a good sign for any crypto - especially one that's been struggling to find its footing.
The numbers from IntoTheBlock tell the whole story. Over the past 30 days, large holder inflows have tanked by 95% to -12%, while outflows dropped 97% to 52%. Basically, the whales have packed up and left, taking their liquidity with them. This means way less buying and selling action compared to what we saw earlier this quarter.
SHIB Price Shows Some Fight Despite Whale Exodus
Here's the thing though - SHIB isn't going down without a fight. The token has managed to climb back from its lows at $0.00001125 and is now testing the $0.000013 to $0.0000145 range. It's even pushing up against its 200-day EMA, which hasn't been touched since late 2024.
The technical picture actually looks decent on paper. The RSI is sitting above 65, which usually means bulls are getting ready to push higher. Under normal circumstances, this would be pretty bullish. But here's the catch - without whale support, can retail traders really keep this party going?
Large Holders Have Checked Out
This isn't just a temporary dip in whale activity. The 90-day data shows outflows down nearly 80%, which suggests the big money has made a real decision to step away from SHIB. That's a problem because if the price breaks above $0.0000145, there might not be enough follow-through buying to keep it there.
On the flip side, if SHIB starts dropping due to broader market weakness, there won't be many big players around to catch the falling knife. It's a lose-lose situation that puts the token in a really vulnerable spot.
What's Next for SHIB?
Right now, SHIB is walking a tightrope. Sure, breaking above the 200 EMA would be technically bullish, but without whale backing, any rally could quickly turn into a bull trap. The volatility is coming back, and with liquidity drying up, things could get messy fast.
The bottom line? This isn't the time to assume SHIB has turned the corner. The recent recovery is hanging by a thread, and unless the big holders come back soon, we might see that path of least resistance reassert itself. For now, it's a waiting game to see if the whales return or if retail can somehow carry the load alone.
Saad Ullah
