Ripple CEO Brad Garlinghouse has shared his current opinion on Dogecoin during his recent appearance at the Apex 2025 event.
The cryptocurrency market has seen better days. After a brief rally earlier in the year, Bitcoin price has stalled, and many altcoins are struggling to stay afloat. With several major cryptocurrencies facing difficulties, investors are left wondering where the best opportunities lie.
One asset that has seen some recent activity is Shiba Inu (SHIB). The meme coin has been battered in recent weeks, and on-chain activity has dried up. According to IntoTheBlock data, large holder inflows have dropped by a massive 92% in a week.
Shiba Inu is currently trading at $0.01276, down 5.25% in the past 24 hours. It failed to break past key resistance levels marked by major EMAs, which points to a persistent downtrend. The 30-day price drop stands at over 56%, indicating that whales are not accumulating.
Outflows have also fallen sharply, suggesting that major players are on the sidelines or have already exited. This reduced whale participation raises concerns about liquidity and the potential for a price rebound in the short term.
Unless whale interest returns or bulls break key EMAs, the token may keep drifting lower.
Shiba Inu is one of several cryptocurrencies that are struggling in the current market. With several major cryptocurrencies facing difficulties, investors may want to consider looking at other assets for potential opportunities.
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