SHIB: Whale Exodus – A Blessing or a Curse?

SHIB Whales Are Leaving, But Is It Worth Panic?

While whale activity can cause wild price swings, their exit could usher in a period of stability for SHIB. However, falling volumes could also dampen liquidity.

Bright Spots Remain

The good news? More than half of SHIB holders remain profitable, and on-chain data hints at a slightly bullish trend for small investors. Neutral smart contract price signals suggest current prices may be fair value.

Technically

SHIB is trading lower on the charts, with the RSI approaching oversold territory. This could attract bargain hunters.

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The whale exodus is a double-edged sword. Volatility may be reduced, but liquidity issues remain. Continued investor confidence and on-chain signals bring some optimism. Keep an eye on the market as the situation develops.

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