Shiba Inu’s Downfall: Whales, Tech, and a 70% Drop – What’s Next? 😱

by

Oh, Shiba Inu, how we’ve come to love your chaos. 🐕💸 This year’s downward spiral is so dramatic, even your investors are questioning their life choices. 🤯

  • Descending Triangle: Because nothing says “I’m doomed” like a chart pattern. 📉
  • Whales are selling like it’s 2022. 🏴‍☠️
  • Exchange balances? Rising faster than your hopes. 💸

Shiba Inu (SHIB), the Ethereum meme coin that’s basically a cryptocurrency version of a “I’m fine” text, is now trading at $0.00001052. Down 70% since last December. 🧠💸 For context, that’s like losing your entire savings and still having to pay for a coffee. ☕

SHIB’s price is basically a sad puppy dog, and the fundamentals? Disappointing. 🐶💔 The supply on exchanges is rising, like a bad relationship. 276 trillion tokens now. 275 trillion yesterday. Welcome to the “sell, sell, sell” club. 🚪

Meanwhile, whales are dumping their SHIB like it’s a cursed treasure. They used to hold 213 billion tokens. Now? 91.96 billion. Smart money? Gone. Like a party where everyone left early. 🎉💨

Shibarium? It’s like a ghost town. TVL of $865,000? Down 50% from last month. And let’s not forget the ShibaSwap hack. Because nothing says “I’m secure” like a hack. 🔐💥

The burn rate? Deteriorating faster than your patience. Only 571,347 SHIB burned this week. $5? That’s less than a cup of coffee. 🫣 And the Shibarium network? Not making money. Because why would it? It’s a meme. 🤡

Shiba Inu price technical analysis

The daily chart is basically a sad trombone. A descending triangle? Because nothing says “optimism” like a triangle that’s clearly going down. 📈📉 The lower side is at $0.00001052-your lowest point since April. The upper side? A memory. 🗣️

Last week’s crash confirmed the pattern. It’s like a crypto omen. 🧙‍♂️ Now it’s back to the lower side. So, what’s next? A dive to $0.0000060. Because why settle for 70% when you can go full “I’m done”? 💸

Read More

2025-10-15 19:44