Bitcoin Forum

Shiba Inu was also in the red again on Friday after three days of consecutive losses. The loss followed profit-taking by large SHIB token holders, as the crypto market turned risk-off.

According to on-chain data, several wallets with significant holdings have been reducing their SHIB positions recently, possibly due to profit-taking. The main culprits here seem to be the "investors," who, according to IntoTheBlock, are addresses that own between 0.1% and 1% of the SHIB circulating supply. The Shiba Inu circulating supply is around 549 billion. This metric indicates addresses that hold a reasonably large position in this crypto.

Source U.Today
https://u.today/shiba-inu-retail-holders-buying-up-recent-shib-price-drop-data-shows

And finally, since you were always publishing any news related with shiba and i have seen that you were also publishing  the news related to the whales that bought shiba inu. From what you have mentioned in your thread and you can know that of those whales are only interesting to do pump and dump for shiba inu,. They are not interesting to use it for long term investment. If bitcoin dumped and they will be taking profit. that's it.

This kind of thing can be predicted, because it is only for take profit, not for long-term investment, because it is very risky.
because it's a game of whales, we can go to Shiba, but we also have to remember, how the cycle of a memecoin

Yeah I have to agree with you on this one. SHIB isn’t designed for long-term despite the volume is big and having a strong community. They’re just simply taking the opportunity to buy low and sell high, but not holding it for long term.

Ain’t a fan of SHIB here, so I don’t buy it for either short or long term profits.

Is that the reason for paying for housing using Shiba Inu? somehow trying to say that the prestige actually made the Shiba Inu holders worry less because they had bought at the peak. If you are a part of it, then I hope it is profitable.

Instead of investing in Shitcoin, I think the whales still make Bitcoin their main source of support.

Meme tokens like Shiba INU are very risky and their prices tend to be unstable compared to other tokens like ETH, BTC, etc. So when there is a significant drop in price on the Shiba INU tokens I am not surprised. Hopefully the holders who hold Shiba INU in large numbers don't sell their tokens continuously.

Profit taking is a common thing in crypto trading, shiba meme token holders according to the data you attached they have 0.1% and 1% of the total circulating supply is a high amount, it can be concluded that they are whale traders. Profit taking on meme token in the future will continue again, I won't be surprised anymore at meme token even the decline can be steeper than any popular coins.

good information, because we can know that Shiba is still favored by whales,
yes I know their game is only for Pump and Dump,
because it is a character from meme coin, so don't be surprised if Shiba pump or dump  ;D

bro. ignore that kind of high risk worthless tokens.  focus on  coins and tokens which has a reason  to be valued . those kind of  shitcoins such as shiba ,  floki can make you a  millionaire in  one night as well as you can loss all  you have. be careful when you trade with them.

Every up and down, he brings it on the news. No hate but I'm expecting that when a coin certainly drops, he'll sure post another article about it.

There's really no purpose on shiba and it will always be the meme kind of coin that we all know. I guess OP should maintain one thread that shall include all of these news that he posts and makes for every new thread.

People who invest in Shiba find it a good time to buy it now and hope that the price will increase in the future. Maybe it's not a long term investment but a momentary investment and once the price increases, they will sell it all at once. You can also follow them, but you need to remember that we don't know when the Shiba market will pick up again and how long you have to hold on to Shiba. If you are okay with that, you can buy it when the market is trending down and place several buy orders until they are filled.