SHIB and PEPE Face Uncertainty as Whale Activity Declines
Release: 2024/08/21 14:34 Reading: 557
SHIB and PEPE Face Declining Investor Interest
SHIB Outlook Uncertain as Whale Activity Drops
SHIB has faced a sustained downtrend since March, eroding investor confidence. Despite potential for a short-term boost, analyst Crypto Sheriff notes that diminished whale activity clouds the long-term outlook.
PEPE Breakout Hopes Fade Amidst Waning Enthusiasm
PEPE's breakout potential has faltered as investor enthusiasm wanes. Active addresses have reached a six-month low, reflecting decreased involvement in the token.
Overall Challenges for Meme Coins
Both SHIB and PEPE, leading meme coins in the crypto market, are encountering challenges due to declining investor interest. Santiment reports lower transaction volumes and a decrease in overall engagement within the SHIB market. This reduced activity suggests waning interest from both new and existing investors.
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