SHIB Whale Activity Wanes as Volatility Slows and Growth Fades

Shiba Inu (SHIB) is showing signs of reduced activity, as large holders, or whales, are stepping back from their positions. This withdrawal has led to a noticeable slowdown in price volatility, marking a shift from SHIB’s earlier momentum. One notable example is a user who bought 15.28 trillion SHIB in August 2020 for $3,800 and gradually sold most of it, retaining 2.15 trillion SHIB worth $52 million as of now. However, as large investors exit, the token appears to be losing its explosive growth potential, with analysts noting the reduced room for profit as costs rise [1].

Meanwhile, Dogecoin (DOGE) is showing signs of resilience as it hovers near the $0.19 support level. After a 30% decline from its July highs, the coin is now testing this key level, which traders are closely watching. Technical indicators like the MACD and RSI are signaling weaker momentum, but some patterns suggest a potential rebound. If the 4-hour RSI follows its June trajectory, DOGE could see a rally toward $0.34. On the futures market, long positions are currently outnumbering shorts by nearly 3.6 to 1 on major platforms, indicating a cautiously optimistic outlook among traders [1].

In contrast to the more muted performance of SHIB and DOGE, BlockDAG (BDAG) is generating rapid interest through its aggressive promotional strategy. The project has launched a fully functional live trading dashboard, allowing users to engage in real-time buy and sell actions before the token appears on any exchange. This early access is complemented by a limited-time 10 BTC auction, which has already drawn fast-growing participation. The auction, which remains open until August 11, rewards active buyers, reinforcing engagement within the community [1].

BlockDAG’s presale has already raised $365.5 million, with 24.7 billion tokens sold across 29 batches. The price has seen a 2,660% increase since the first batch, but for a limited time, the token is available at $0.0016 through the GLOBAL LAUNCH phase, a price set to revert to normal after August 11. Analysts are taking note, with some predicting a potential price target of $1 in the near term and even $10 in the long run [1].

These movements highlight the evolving dynamics within the cryptocurrency market, where whale exits, asset stabilization, and aggressive marketing campaigns are shaping investor sentiment and behavior. As SHIB whales pull back and DOGE tests critical levels, BlockDAG is capitalizing on the moment with an innovative and interactive approach that is attracting early adopters and traders alike.

Source: [1] Cyber Security News (https://lizedin.net)