|
Getting your Trinity Audio player ready...
|
- Whale selling has intensified, driving bearish momentum for SHIB.
- On-chain data shows repeated distribution spikes through October.
- SHIB remains range-bound with weak recovery signals.
Shiba Inu (SHIB) continues to face heavy selling pressure as large holders — known as whales — reduce their positions. The memecoin recently slipped below an eight-month price range, signaling a shift in market sentiment. Data from Santiment shows that whale activity has increased since early October, aligning with a steady decline in the total supply held by top wallets.
This consistent outflow from major holders suggests a lack of confidence in the short-term outlook for SHIB, adding to the bearish undertone across the broader memecoin market.
HOURLY SHIB UPDATE$SHIB Price: $0.00001023 (1hr 0.16% ▲ | 24hr 1.42% ▲ )
— Shibburn (@shibburn) November 2, 2025
Market Cap: $6,025,956,459 (1.41% ▲)
Total Supply: 589,247,216,345,629
TOKENS BURNT
Past 24Hrs: 1,069,637 (-86.53% ▼)
Past 7 Days: 61,170,467 (139.46% ▲)
Whale Movements Signal Ongoing Distribution
On-chain data highlights several key moments of whale panic. Transaction spikes around October 10, 19, and 26 corresponded with sharp drops in whale-held supply. These movements often indicate strategic selling during market weakness.
Dormant circulation — a measure of previously inactive tokens suddenly moving — also jumped, reinforcing the view that whales were offloading holdings. Such trends typically emerge before or during downturns, confirming that the recent selling wasn’t isolated or random.
Technical Indicators Reflect Bearish Control
Shiba Inu’s 4-hour chart shows the token trading in a tight range between $0.0000093 and $0.0000113. The midpoint at $0.0000103 acted as resistance during recent attempts to recover, pushing SHIB back toward the lower band.
Also Read: Shiba Inu Makes FTSE Grayscale Crypto Framework, Now Eligible for Spot ETF
The MACD continues to signal bearish momentum, though the OBV (On-Balance Volume) has made higher lows — a faint sign that some buying pressure remains. Still, the broader trend leans bearish, especially with weak memecoin sentiment and Dogecoin’s own price struggles adding to downward pressure.
Outlook: SHIB Bulls Need a Catalyst
For SHIB to recover, buyers must reclaim the mid-range resistance and attract renewed whale accumulation. Until then, the combination of technical weakness and sustained whale selling suggests that caution remains the best stance for traders.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
