### **Shiba Inu Price Outlook: How Will It Change?**

Shiba Inu's recent price decline is largely attributed to massive whale sell-offs, as indicated by on-chain data. Over the past week, SHIB's market value has dropped alongside the broader crypto market, erasing gains and testing key support levels.

According to **IntoTheBlock**, large holders have been offloading SHIB at an alarming rate. The **Large Holder Netflow**, which tracks whale activity, has plummeted **-736.46% in the past seven days** and **-125.06% over the last 30 days**. The chart below highlights a sharp decline in netflow during early March, signaling that major investors aggressively sold off their SHIB holdings, driving prices lower.

In just **24 hours**, wallets holding between **$1 million and $10 million in SHIB** saw their balances shrink by **31.31%**, while those holding over **$10 million** reduced their holdings by **27.99%**. This triggered a rapid market reaction, with sentiment shifting towards fear. The **Shiba Inu Fear & Greed Index** dropped to around **33/100**, indicating growing investor uncertainty.

### **SHIB Crashes 61%, Trading Volume Drops Below $400M**

History suggests that large whale sell-offs have significantly impacted SHIB's price. In early February, SHIB plunged to **$0.00001286** after netflows from major holders flipped from **3.5 trillion to -792.8 billion SHIB in a single day**. Now, SHIB is trading at **$0.0000125**, down **11% from last week’s mid-$0.000014 levels**.

If whale selling persists, SHIB could face further declines, potentially reaching its lowest price in over a year. Technical indicators also point to weakening momentum. The **Relative Strength Index (RSI)** for SHIB is in the mid-30s, suggesting that bears remain in control as the memecoin nears **oversold territory**.

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