Shiba Inu Price Analysis: Whale Activity Spikes But It Looks Like SHIB Holders Are Selling To Buy This Altcoin

The cryptocurrency market remains volatile, and Shiba Inu (SHIB) is caught in an interesting shift. While whale activity has risen significantly, smaller retail investors seem to be selling their holdings for newer altcoins. One of the altcoins that has been drawing former SHIB holders is Remittix (RTX), which has raised more than $13.6 million in its ICO and sold more than 516 million tokens at a price of $0.0734. This article discusses SHIB's recent price action, the trend of whale accumulation, and the changing investor mood towards RTX.

Whale Activity in SHIB Increases but Doesn't Hike Price

Shiba Inu has seen colossal whale activity growth in the past three months. Whale trades exceeding $100,000 have increased by 265%, which suggests institutional investor interest once more. In a single 24-hour period in December 2024, SHIB whale trades jumped from $23.06 million to $84.24 million, a 250% jump in trading volume. This was a sign of strategic positioning by big investors in anticipation of a price rebound.

Most notably, this increase in whale activity has been accompanied by a 17% decrease in the price of SHIB over the past three months. The lack of compatibility between the price growth and whale accumulation suggests that larger market forces are at play. Exchange data on CryptoDaily shows that the quantity of SHIB on centralized exchanges dropped to 106.96 trillion tokens—its lowest since April 2021—showing that whales have tokens stored in cold storage and are not selling them.

SHIB Investors Turn to Prospective Altcoins Like Remittix

The retail investor population seems to be turning away from SHIB due to lack of price movement and competition from pioneering altcoins. Remittix, a payments platform that's based on blockchain technology, has been attracting gigantic sums of funds from former SHIB investors owing to its applicability in the world, decent ICO performance, and growing uptake.

Remittix is a revolutionary cross-border payment platform through which users can pay fiat into any bank account anywhere in the world using cryptocurrency. Unlike SHIB, which is still predominantly a meme coin for speculative use, RTX has practical applications. Having raised over $13.6 million with over 516 million tokens sold already, Remittix is showing strong investor confidence and with a current price of $0.0734, it has room for growth

Market Indicators: What is in Store for SHIB and RTX?

FXStreets observes that despite the increased whales' interest, SHIB remains under tough resistance at $0.000014, with the 50-day Simple Moving Average (SMA) as a barrier. The Relative Strength Index (RSI) at 54.3 remains neutral, indicating no clear momentum. A breakout above $0.000017 will not be imminent unless volumes significantly increase.

While SHIB is struggling with investor anxiety and supply problems, RTX appears to be increasing. The ease of crypto-to-fiat transactions on the platform is a competitive advantage over meme-based coins. With a token supply cap and increasing adoption, Remittix could continue to increase in value and capture market share in the coming months.

Conclusion: Time for a Portfolio Adjustment?

The newer trends indicate growing polarization in the SHIB community. While whales continue to buy, retail investors are diversifying into high-potential altcoins like Remittix (RTX). Having over $13.6 million in funding, a functional crypto payment network, and an ever-increasing price of $0.0734, Remittix presents a solid investment case. SHIB investors who are looking for stronger fundamentals and real-world applications might favor RTX as a superior long-term investment choice.

For those interested in venturing into the future of blockchain payments, the time to discover more about Remittix (RTX) is now.

Website: https://remittix.io

Socials: https://linktr.ee/remittix