CandleFocus Shiba Inu Retail Traders Exiting, Small Wallets Drop to Lowest Level Since 2022
2024-09-11
Author: Content Editor
Shiba Inu, a meme coin, is experiencing a turbulent period in the cryptocurrency space. Its market performance has lagged behind other meme coins like Dogecoin, with negative returns in both the short and long term. However, there are signs of relief among retail traders as smaller holders have exited the market, giving way to larger holders. Shiba Inu has also seen a decline in social activity, reflecting growing frustration among traders. While some experts believe that Shiba Inu could see future gains, its outlook remains a topic of debate. Other meme coins like Dogecoin and PEPE have shown mixed results, with slight profits for short-term traders in Dogecoin and a market cap increase for PEPE despite the broader market downturn.
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