SHIB and PEPE Face Uncertainty as Whale Activity Declines
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SHIB and PEPE face declining investor interest as whale activity drops, raising uncertainty in their market prospects.

Analyst notes SHIB might see a short-term boost, but diminishing whale activity clouds its long-term outlook.

PEPE’s breakout chances fade as investor enthusiasm drops, with active addresses hitting a six-month low.

SHIB and PEPE, leading meme coins in the crypto market, are encountering significant challenges as investor interest appears to be fading.

In a recent X post, crypto analyst Crypto Sheriff pointed out that a green day might provide a short-term boost for SHIB. However, the broader outlook remains clouded by diminishing activity from large investors, known as whales.

Since March, SHIB has been stuck in a persistent downtrend, gradually eroding the confidence of its investors. This steady decline has led to a marked shift in market behavior, with many choosing to withdraw their involvement from the asset, resulting in lower trading volumes and reduced market activity.

Santiment, a well-known crypto analytics platform, has observed a significant decrease in investor participation within the SHIB market. The ongoing bearish sentiment has made SHIB less appealing to both new and existing investors, contributing to a decline in overall engagement with the cryptocurrency.

This reduced activity is evident in the shrinking transaction volumes and lack of movement in SHIB’s market performance.

PEPE, another meme coin, faces similar market pressures and struggles to retain investor interest. As of press time, PEPE is trading at $0.057917 and expected to break out from a bullish descending wedge pattern, which could have signaled a strong recovery.

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