Shiba Inu (SHIB) prices have faced growing challenges as demand from crypto whales diminishes, reflecting a shift in market sentiment. SHIB’s trading volume has seen a notable decline, coinciding with the surge in popularity of Solana-based meme coins. This shift has sparked concerns among Shiba Inu investors about its ability to maintain momentum in the increasingly competitive meme coin space.
Source – FXStreet
The rise of Solana memes has captured attention due to their fast transaction speeds and lower costs, attracting traders who previously favored SHIB. The fading enthusiasm for SHIB among whales, traditionally a key support for its price, signals a potential turning point for the token. Analysts suggest that unless Shiba Inu’s ecosystem offers stronger incentives, its price may continue to face downward pressure.
