$SHIB $SHIB
25.74 Trillion SHIB Stuck as Market Downturn Hits Shiba Inu
The cryptocurrency market has faced renewed turbulence this week, and among the hardest-hit assets is Shiba Inu (SHIB). Over 25.74 trillion SHIB tokens—valued at tens of millions of dollars—are now effectively “stuck,” as trading activity and on-chain movements slow dramatically amidst the broader market downturn.
SHIB Holders in Limbo
The term “stuck” in this context refers to large volumes of SHIB tokens held in wallets that have remained inactive amid recent price volatility. Data from on-chain analysis tools shows a significant portion of this 25.74 trillion SHIB remains in dormant wallets or is part of positions that are either underwater or locked in staking protocols.
This stagnation is especially concerning for investors as SHIB's price has dropped significantly in recent weeks, echoing the overall bearish sentiment gripping the crypto market. Many long-term holders now face unrealized losses, with little incentive to sell at current prices.
Market-Wide Pressure
Shiba Inu’s current woes mirror those of many other altcoins, which have seen value erosion due to a mix of macroeconomic pressures, declining retail interest, and tighter liquidity across the crypto landscape. Bitcoin and Ethereum have also retraced from recent highs, dragging meme tokens like SHIB with them.
Additionally, speculation around delayed rate cuts by the U.S. Federal Reserve and increasing regulatory scrutiny continue to put downward pressure on investor sentiment. For riskier assets like SHIB, these factors can have a disproportionate effect, as retail-driven momentum often fuels both surges and crashes.
