SHIB Whales Selling Off: Whatโs Going On? ๐จ
๐ Whale Exodus:
On-chain data shows 20%+ drops in SHIB holdings among whales (10M-100M tokens).
Wallets with $10K-$1M in SHIB are also down 16-22%, signaling profit-taking or fading confidence.
๐๏ธ Retail Investors Step In:
Smaller wallets ($1-$1K SHIB) are up 7-25%, showing retail buyers are stepping in, but overall trading volume remains low.
๐ Market Struggles:
SHIB is stuck near $0.00002413, with resistance at $0.00002555 and support at $0.00002200.
RSI near 50 signals indecision, while low volume dampens recovery potential.
โ ๏ธ Investor Outlook:
Retail interest persists, but SHIBโs future depends on renewed whale confidence and trading activity. Watch key levels and volume trends closely!
๐ก Disclaimer: Not financial advice. DYOR before investing.
