SHIB whale demand plunges as Solana memes dominate

Date:

December 18, 2024

Shiba Inu price plunges towards $0.000025 on Wednesday, losing 20% since December 9.
Solana meme coins like Fartcoin (FART) and Goatseus Maximus (GOAT) have dominated the meme coin sector since the market rebound began.
On-chain data shows an 83% decline in SHIB whale transactions exceeding $100,000 between December 9 and December 18.

Shiba Inu price opened trading at $0.000026 on Wednesday, its lowest opening price in 20 days dating back to November 29. On-chain data shows SHIB token struggling to attract whale demand as Solana memes dominate social channels.

Shiba Inu price plunges 20% despite crypto market recovery

Following the flash crash triggered by rising geopolitical risks on December 9, positive macroeconomic indicators in the US have lifted demand for crypto assets.

However, while top assets such as Bitcoin, Ripple (XRP) and Cardano (ADA) have recorded double-digit gains since December…

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SHIB whale demand plunges as Solana memes dominate

Shiba Inu price plunges 20% despite crypto market recovery

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