Kamala Harris Receives $1M in Ripple’s XRP—Crypto Execs Hope to Shift Her Digital Asset Stance 
Morgan Stanley Explains NVIDIA’s Blackwell GPU Bottleneck, Predicts Strong Production Ramp-Up 
Tesla's 'We, Robot' Event Showcases Cybercab, Robovan, and Updates on Optimus and Model 2 
Nvidia’s Blackwell Sold-Out for the Year—Stock Buy Surge Expected as AI Market Booms 
SpaceX Warns $4 Million Daily Loss If Starship Launches Are Halted Due to Lawsuit 
FxWirePro- BTCUSD Daily Outlook 
Tesla's Robovan Glides Like a Hovercraft—Elon Musk Unveils the Game-Changing Suspension System 
FxWirePro-Major crypto levels and bias summary 
Justin Sun Becomes Liberland's 'Vatican' Visionary; Cardano's Hoskinson Reacts 
FxWirePro- BNBUSD Daily Outlook 
Bitcoin Must Break $60K Barrier to Shake Off Slump – Analyst Says Traders Await Next Move 
Buffett’s Berkshire Hathaway Sells 9.5 Million Bank of America Shares, Stake Drops Below 10% 
Bitcoin's $100K Surge Unstoppable Despite US Election Turmoil, Predicts Crypto Expert Tapiero 
BYD Unveils Denza N9, a 1,000 HP Luxury SUV That Could Rival Porsche 
Bitcoin Could Soar to $150K, Say Experts — Is the Crypto Market Ready for a Massive Rally? 
Best Crypto to Buy now Oct 10th - Uniswap 
Shiba Inu Price Jumps 7% as Whales Move 3.78 Trillion SHIB, Market Eyes $0.000022 
Shiba Inu is facing growing uncertainty as whales offload 1 trillion SHIB in a massive sell-off. With whales retreating and SHIB struggling to break resistance, the market is bracing for potential downward pressure on the token.
Whale Exodus Drains SHIB Transactions
Shiba Inu has been going through a rough patch recently, according to data recorded on the blockchain. Recent statistics show that SHIB has seen a pitiful 1 trillion SHIB transactions in the last 24 hours, a sharp drop from the seven-day high of 4 trillion SHIB on October 9th.
Large investors, sometimes known as "whales," have started to cut back on their holdings of the asset, and the precipitous decline in value indicates that they are selling out. This drop in transaction volume reveals a serious issue: large-scale and institutional investors are not backing purchases.
Struggles to Break Key Resistance Levels
The market's overall sentiment and potential uncertainties regarding SHIB's ability to sustain price momentum, especially considering its failure to hold onto key support levels, could be the cause of the whales' retreat from the stock.
There is a critical resistance level around $0.000017 on the price chart that SHIB has been struggling to break through, limiting any further upward progress. The falling trend of large transactions indicates that not a lot of money is flowing into the market, which makes it hard for SHIB to get any serious positive momentum.
SHIB Holds Above 200-Day Moving Average
Despite the facts suggesting a gloomy picture, SHIB maintains a positive attitude. The price remains above the 200-day moving average, which often provides long-term support.
If SHIB can reverse its fortunes and get momentum beyond this level, a comeback may be possible, U.Today explains. Large transactions are slowing down, and the whale migration is far from over, so for the time being, it's best to proceed with caution.
Whale Activity Must Rebound for SHIB Recovery
In order for SHIB to change people's minds, there has to be a huge uptick in buying pressure. Due to the ongoing whale exodus and poor market performance, SHIB may not be able to achieve any substantial advancement in the near future unless this is implemented.
