Shiba Inu Volatility Drops Sharply as Whale Moves 7T, Underperforming Dogecoin

Shiba Inu Volatility Drops as Whale Moves 7 Trillion Tokens, SHIB Weakens vs. Dogecoin

Shiba Inu (SHIB) is showing historically low volatility while continuing to lose ground against Dogecoin (DOGE $0.2655). The SHIB-DOGE pair fell to 0.0000472, its lowest level since November 2021, extending the downtrend that began after March 2024 highs.

Volatility Collapses
SHIB’s 90-day realized volatility has dropped to 64%, the lowest since December 2023, signaling subdued price swings over recent months. Since May, the token has traded within a narrowing range, with lower highs and higher lows, hinting that the next breakout could dictate SHIB’s direction.

Price Action & Volume
In the last 24 hours, SHIB rose over 2%, reaching an intraday peak of $0.000013584, supported by massive trading volumes of 2.08 trillion tokens. Support held near $0.000012882, defining a 5% trading corridor. Consolidation near resistance suggests accumulation ahead of the next move.

Whale Moves
Whale activity intensified, with 7 trillion tokens moved on-chain, including 512 billion SHIB transferred from Kraken to private addresses.

Outlook vs. Dogecoin
SHIB is likely to remain bearish against DOGE until the downtrend reverses.