Shina Inu Drops 2.69% as Whales Reduce Holdings, Interest Wanes

Shina Inu's latest price was $0.06, down 2.69% in the last 24 hours. The token, which was once a favorite among speculators, has seen a decline in demand as whales reduce their holdings and trading volumes drop sharply. This shift in sentiment has led to a decrease in derivatives activity, with futures open interest plunging. The Shibarium network, which was once seen as a key innovation for Shina Inu, has also weakened, with a total value locked (TVL) of just $1.5 million and ShibaSwap holding only $1 million in assets. This decline in activity and interest has left many traders and investors wondering about the future of Shina Inu.

The technical picture for Shina Inu is also concerning. The token has been trading in a tight range, with support holding near $0.000011 and resistance at $0.000014. The burn rate, which was once seen as a bullish indicator, has surged by 201,207% in 24 hours, but the actual amount destroyed was under $5 worth of tokens, leaving the community disappointed. The token burn mechanism, often promoted as a path to scarcity, has underwhelmed, and the community is left wondering if it will have any significant impact on the token's value.

Despite these challenges, some analysts remain optimistic about Shina Inu's future. CryptoELITES, a prominent crypto analyst, believes that Shina Inu could see a massive 17x rally if it breaks out of its current consolidation. This would take the token to the $0.00023 level. Another analyst, Alan Santana, also predicted this target but warned that it depends on favorable market conditions. However, these predictions are not enough to push prices higher, and many retail traders have started looking elsewhere for the next 100x crypto. The token is testing a key support zone, and a drop below $0.000012 could cause another 10–15% fall. While whale investors are still quietly buying, many retail traders have started looking elsewhere for the next 100x crypto.

As Shina Inu struggles to stay relevant, investors are increasingly shifting their focus to newer projects with greater utility and growth potential. One such project is Rollblock (RBLK), a Web3 iGaming platform with over 55,000 signups and is gaining momentum among speculators who believe it could deliver massive returns in 2025. Rollblock RBLK is one of the fastest-growing projects in crypto gaming, thanks to its symbiotic mix of adoption metrics and sustainable tokenomics. The project has raised more than $11.5 million in presale financing and attracted over 55,000 early sign-ups, proving its investor appeal, well before its official launch. The project's success has led many to believe that it could be the next big thing in the crypto gaming space, and investors are eager to see what the future holds for Rollblock.

Shina Inu remains a focal point for speculative activities, particularly among meme traders evaluating its potential to mirror early achievements in the cryptocurrency landscape based on recent narratives. This attention comes amid ongoing discussions about its viability as a benchmark for newer tokens entering the market.

Amid the broader meme coin trends in September 2025, Layer Brett has gained backing from certain market observers as a comparable asset to established names like Shina Inu, reflecting its perceived influence as a reference point for emerging digital currencies. Such endorsements highlight Shina Inu's persistent relevance in shaping investor sentiments and comparative frameworks within the sector.

Despite retaining a dedicated community following, Shina Inu faces challenges in sustaining its growth momentum, with reports indicating that its overarching narrative has begun to plateau, leading to concerns about trading activity vitality. This stalling of earlier expansion has contributed to bearish undertones, driven by broader volatility across the cryptocurrency ecosystem.