Shiba

Dogecoin

Bitcoin

Shiba Inu

Shiba Inu, a popular meme cryptocurrency, currently faces significant headwinds, reflecting the broader struggles within the crypto market. Recent <a href="https://insights.santiment.net/read/what-do-you-meme-an-analysis-on-the-three-largest-assets-in-the-space-8099?utm_source=twitter&amp;utm_medium=post&amp;utm_campaign=twitter_what_do_you_meme_insight_b_091024/&amp;fpr=twitter" rel="noopener noreferrer nofollow">data from Santiment</a> highlights a marked decline in the token’s market performance, with the asset underperforming compared to other <a href="https://timestabloid.com/shiba-inu-advocate-urges-patience-citing-dogecoins-6-year-wait-for-success/" rel="noopener noreferrer nofollow">meme coins like Dogecoin.&nbsp;</a>
Santiment’s insights reveal that Shiba Inu’s 30-day average trading returns have dropped by 1.1%, while its long-term returns have decreased more drastically, showing a 31.7% decline. This underperformance has led to speculation that the digital asset could see future price increases, particularly if Bitcoin stabilizes and the altcoin market regains strength.
<h2 id="b-retail-trader-exodus-and-shifting-supply-dynamics-b">Retail Trader Exodus and Shifting Supply Dynamics</h2>
One of the more notable trends in the Shiba Inu market is the exit of retail traders. Wallets holding less than 1 billion SHIB tokens now represent a smaller portion of the total supply, marking the lowest level since November 2022. This suggests that a significant number of smaller retail traders have sold off their holdings, exiting the market amid poor performance.
Conversely, larger wallets—those holding over 1 billion SHIB—now dominate the token’s supply. According to Santiment, this shift signals increased fear, uncertainty, and doubt (FUD) within the <a href="https://timestabloid.com/top-shib-influencer-says-shiba-inu-ecosystem-gearing-up-to-initiate-next-bull-run/" rel="noopener noreferrer nofollow">Shiba Inu ecosystem</a>, with smaller investors seemingly losing confidence in the token’s prospects.
<h2 id="b-social-activity-and-sentiment-on-the-decline-b">Social Activity and Sentiment on the Decline</h2>
Throughout 2024, Shiba Inu (SHIB) has also experienced a downturn in social media activity and community engagement. Conversations about the token have hit their lowest levels since July, which could reflect growing dissatisfaction among traders. Many smaller retail participants have exited the market, contributing to this decrease in online discussion.
Despite these challenges, analysts like Lola, remain <a href="https://x.com/CryptoLollla/status/1833131675574030481" rel="noopener noreferrer nofollow">cautiously optimistic</a> about Shiba Inu’s future. While the token has struggled recently, it is not entirely out of the conversation for potential gains, especially if the broader cryptocurrency market recovers. However, sentiment surrounding other meme coins, such as Dogecoin, has remained more positive, which may influence investor interest.
<h2 id="b-dogecoin-pepe-and-other-meme-coins-b">Dogecoin, PEPE, and Other Meme Coins</h2>
In contrast to Shiba Inu (SHIB), Dogecoin and other meme coins have shown mixed performances. Short-term Dogecoin traders have seen some profits, but long-term holders still face losses, with an average decline of 20.8%.
Retail interest in Dogecoin (DOGE) has remained relatively stable, but there are no clear signs of significant accumulation of the digital asset among retail traders this year. This could indicate cautious optimism, but hesitation from retail traders looking for strong gains in the short term.
Meanwhile, PEPE, another meme coin that has gained popularity, has fared better than most. The token has attracted a new wave of traders, and despite the challenging market conditions, it has increased its market cap by 50% over the past five months. This success sets it apart from Shiba Inu, which has struggled to maintain investor enthusiasm.
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<h2 id="b-looking-ahead-for-shiba-inu-shib-br-b">Looking Ahead for Shiba Inu (SHIB) </h2>
While the Shiba Inu (SHIB) market has faced significant challenges, the long-term outlook for the token remains uncertain. The departure of smaller retail traders and the dominance of large holders suggest that investor sentiment has shifted significantly. However, the SHIB’s potential for recovery is still debated among market experts.
Some believe that if Bitcoin stabilizes and the broader altcoin market improves, <a href="https://timestabloid.com/shiba-inu-team-says-shib-can-hit-0-01-heres-the-timeline/" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) could regain momentum. The token’s historical association with meme coin price appreciation and its strong community base offer the possibility for future gains. However, it is unlikely to receive the same enthusiasm from retail traders.
The Shiba Inu ecosystem remains in flux for now, with the coming months likely to reveal more about the token’s future trajectory.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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The post <a href="https://timestabloid.com/shiba-inu-shib-small-wallets-reach-lowest-level-since-2022/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Small Wallets Reach Lowest Level Since 2022. Here’s the Significance</a> appeared first on <a href="https://timestabloid.com" rel="noopener noreferrer nofollow">Times Tabloid</a>.

Shiba Inu (SHIB) Small Wallets Reach Lowest Level Since 2022. Here’s the Significance

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