{"id":205555,"date":"2026-07-28T16:49:35","date_gmt":"2026-07-28T16:49:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=205555"},"modified":"2026-07-28T16:49:35","modified_gmt":"2026-07-28T16:49:35","slug":"shiba-inu-shib-drops-20-from-its-recent-high-is-it-time-to-buy","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=205555","title":{"rendered":"Shiba Inu (SHIB) Drops 20% From Its Recent High: Is It Time to Buy?"},"content":{"rendered":"

After several months of underperforming, the self-proclaimed Dogecoin killer finally posted a decisive rebound over the weekend. However, the pump was short-lived as the bears quickly intercepted the move and dragged the price down.<\/p>\n

The enthusiasm faded, while a well-known analytics platform outlined when the next buying opportunity might emerge.<\/p>\n

Retail Attention Arrived Late<\/h2>\n

Just a few days ago, Shiba Inu recorded<\/a> a sudden 35% price jump to reach a two-month high of around $0.00000582 (per CoinGecko). Some potential factors that may have acted as catalysts for the significant revival include a whale that has resumed accumulating after more than half a year of inactivity, as well as the notable resurgence of the burning mechanism.<\/p>\n

The bulls, though, lost momentum, and SHIB currently trades at roughly $0.000004631, representing a nearly 20% decline from the local high. The analytics platform Santiment noted<\/a> that amid the rally, there were 52 whale transactions in a single day, the most since March 31.<\/p>\n

\u201cActivity strongly suggests larger holders took profits into strength,\u201d it added.<\/p>\n

On the other hand, retail investors joined the party too late and chased the excitement near the top, \u201cgiving whales the liquidity needed to reduce their exposure.\u201d<\/p>\n

According to the entity, the smart approach with meme coins is to cash out when retail FOMO spikes, and re-enter once the crowd turns hostile and calls the token a scam.<\/p>\n

It seems like X user Crypto King had followed these rules. On July 26, the trader noted<\/a> the double-digit price increase, the whales\u2019 accumulation, the exploding burn rate, and rising volume to open a short position.<\/p>\n

\u201cThese euphoric pumps have a habit of trapping late buyers\u2026 but the market loves proving people wrong,\u201d they said.<\/p>\n

What Comes Next?<\/h2>\n

As mentioned above, SHIB lost its traction, while the broader cryptocurrency market flashed<\/a> in red again, which could lead to a further downfall for the meme coin in the near term.<\/p>\n

The rising amount of tokens stored on exchanges serves as another warning. CryptoQuant\u2019s data shows that the figure has been constantly rising over the past several days, reaching a two-week high of around 86.7 trillion units. Such a development suggests that many investors have abandoned self-custody and flocked to centralized platforms, thus increasing immediate selling pressure.<\/p>\n

<\/a>SHIB Exchange Reserve, Source: CryptoQuant<\/p>\n

The stalled activity on Shibarium is also worth mentioning. The layer-2 scaling solution, designed to foster the advancement of Shiba Inu\u2019s ecosystem, was once considered among the primary catalysts that could trigger a price increase for the meme coin. However, after an exploit<\/a> in September last year, the protocol saw a sharp decline in usage, dropping to merely hundreds or thousands of daily transactions.<\/p>\n

The post Shiba Inu (SHIB) Drops 20% From Its Recent High: Is It Time to Buy?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After several months of underperforming, the self-proclaimed Dogecoin killer finally posted a decisive rebound over the weekend. However, the pump was short-lived as the bears quickly intercepted the move and dragged the price down. The enthusiasm faded, while a well-known analytics platform outlined when the next buying opportunity might emerge. Retail Attention Arrived Late Just […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-205555","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/205555"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=205555"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/205555\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=205555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=205555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=205555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}