Shiba Inu struggles amidst whale exodus as Memeinator presale takes off
Shiba Inu (SHIB) is facing a sharp decline in price and whale activity. SHIB’s decline is raising doubts about the meme coin’s future in a competitive crypto market. Memeinator, a new AI crypto project, aims to dominate the meme coin market with its MMTR token. In the volatile world of cryptocurrency, Shiba Inu (SHIB) has recently faced a dramatic decline, with its price hovering near yearly lows. SHIB’s struggles have raised concerns about its future in the crypto market. The once-soaring meme coin has faced several challenges, and its latest setback comes in the form of a mass exodus of large holders, often referred to as “whales.” Shiba Inu faces whale exodus Shiba Inu has witnessed a significant drop in the number of substantial transactions on its network, with large holders reducing their activity according to data from Etherscan. In the recent past, the number of these transactions significantly dwindled, marking a perio...