Shiba Inu Price Dips Amidst Whale Selling and Weakening Investor Demand

Despite recent gains, Shiba Inu (SHIB) prices have faced a notable downturn in the past weeks. Data reveals that SHIB’s price remains stagnant while other cryptocurrencies like Pepe (PEPE) and Dogecoin (DOGE) have experienced substantial growth. This contrasts sharply with Solana meme coins such as Bonk, Fartcoin, and Trump Coin, which have shown much more robust performance. 18 billion SHIB tokens have been offloaded by whales since January 19th, fueled by a recent surge in selling activity.