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Shiba Inu (SHIB) fell 30% over the past two weeks, prompting long‑term holders to adjust positions. See the price move, key level and what’s driving the
Shiba Inu (SHIB) slid roughly 30% in the last two weeks, a drop that has spurred activity among its long‑term holders, who are now reacting to the steep decline【1】. The tumble matters for investors tracking meme‑coin volatility and for anyone watching on‑chain sentiment shifts in the broader crypto market.
| At a glance | |
|---|---|
| Price change | –30% over two weeks |
| Catalyst | Long‑term holder reaction to price fall |
| Recent level | Not specified in source |
| Market context | Meme‑coin sector experiencing heightened volatility |
The primary driver was a sharp price correction that erased about a third of SHIB’s value in a fortnight. Nasdaq reports that the decline prompted long‑term holders—wallets that have retained SHIB for months or years—to adjust their positions, indicating a possible shift in confidence among the token’s most committed investors【1】. While the article does not detail the exact price level, the magnitude of the move alone places SHIB well below recent support zones that had previously anchored its market cap.
Long‑term holders typically act as a stabilising force for meme tokens, providing liquidity and dampening panic selling. Their reaction to the 30% slide suggests that the sell‑off may be gaining momentum, as these investors could be liquidating to lock in remaining value or to re‑allocate capital elsewhere. The lack of precise on‑chain flow data in the source means the exact volume of holdings moved remains unclear, but the reported behavioural shift underscores heightened risk perception among the token’s core community【1】.
A separate Nasdaq piece offered price predictions for SHIB in February 2024, but it did not present a concrete target figure, instead framing expectations as speculative forecasts within a broader “memecoin price predictions” narrative【2】. This highlights the difficulty of assigning precise price levels to highly volatile assets that are heavily influenced by social sentiment and short‑term trading dynamics.
The 30% plunge illustrates how quickly sentiment can turn in the meme‑coin space, especially when long‑term holders begin to act. Whether this marks a temporary correction or the start of a deeper downtrend will depend on upcoming on‑chain flows and broader market sentiment.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 8, 2026 · How we report
Over 1 trillion SHIB tokens have been withdrawn from exchanges and more than 1 trillion have been burned, both indicating strong holder sentiment.
SHIB is trading near its 100‑day exponential moving average at roughly $0.0000050.
Open interest in SHIB futures has decreased by about 25%, reflecting a reduction in leveraged positions.