Why Shiba Inu (SHIB) Pump Failed: On-Chain Data Reveals How 52 Whales Cashed Out on Retail
Shiba Inus (SHIB) two-day 37% surge ended according to the classic pump and dump scenario: large holders fully cashed out, selling their coins to late retail investors. Fresh on-chain data from Santiment analysts shows exactly how whales used the wave of mass excitement to lock in profits and leave retail traders with losses. How retails fear of missing out gave whales an exit route As soon as SHIBs price began climbing, retail fear of missing out surged across social media. Shiba Inus social dominance index jumped to 0.084%, its highest level since April. Ordinary traders rushed to buy the coin, but, as often happens, their attention peaked when the rally was already running out of steam. The crowd entered at the very top. At the same time, 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. Shiba Inu (SHIB) whale transaction count and social dominance, Source: Santiment via Sanbase The influx of liquidity from retail buyers jumping onto the “departing train” created ideal conditions for large holders to convert their holdings into cash without immediately crashing the order books. Large capital simply received the liquidity it