Shiba Inu Price Surge Ends as Whales Cash Out and Leave Retail Traders Deeper in Red

Shiba Inu's price surge ended like a classic pump and dump scenario. Large holders cashed out, selling their coins to retail investors who entered at the wrong time.

Fresh on-chain data from Santiment analysts shows how whales used the wave of excitement to lock in profits and leave retail traders with losses.

When SHIB's price began climbing, retail fear of missing out surged across social media. The crowd rushed to buy the coin, but their attention peaked when the rally was already running out of steam.

The large players began unloading their wallets and cashing out. Within 24 hours, the network recorded 52 whale transactions, each worth more than $100,000 - the highest figure since late March.