• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Dogecoin Shiba Inu

Shiba Inu Investors Extremely Bearish While Dogecoin Traders Remain Undecided

Scott Matherson
by Scott Matherson
11 months ago
·
Posted in Dogecoin, Shiba Inu
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

An analysis by the on-chain analytics platform Santiment recently revealed the current sentiment in the Dogecoin (DOGE) and Shiba Inu (SHIB) ecosystems. This has also provided insights into the future trajectory of these meme coins, as a rebound could be imminent. 

Shiba Inu Investors Are Bearish On The Meme Coin

In the market analysis, Santiment highlighted how Shiba Inu investors are currently bearish on the meme coin. This is based on the level of social discussion toward Shiba Inu, which has been “extremely low” since late July. This metric is said to have declined throughout this year as the bearish outlook toward Shiba Inu rises. 

Related Reading: iPhone 16 Launch: Here’s How Much Bitcoin It Cost To Buy An iPhone Over The Years

The analysis noted that this feeling of indifference and frustration among Shiba Inu investors is understandable, considering how smaller retail traders have been offloading their SHIB holdings in a hurry. Data from the market intelligence platform IntoTheBlock also confirms that these retail investors aren’t as bullish as expected. Shiba Inu whales continue to account for almost 60% of the meme coin’s supply.

Shiba Inu Dogecoin 1
Source: Santiment

Santiment stated that, unlike Dogecoin, Shiba Inu’s retail traders are showing “tremendous relief.” The accompanying chart showed that the percentage of supply held by wallets with less than 1 billion SHIB is at its lowest since November 2022. The analysis claimed that this indicates a significant level of FUD occurring on the network, with Shiba Inu whales holding the vast majority of the supply. 

Shiba Inu Dogecoin 2
Source: Santiment

The bearish sentiment among these Shiba Inu investors could also be due to the coin’s underperformance this year. Santiment remarked that the meme coin has “essentially performed as a worse-performing Dogecoin in 2024.” The 30-day average trading returns are down at around -1.1%. On the other hand, the long-term returns have declined drastically to -31.7%. 

This bearish outlook for Shiba Inu could change soon enough as Bitcoin enjoys a bullish reversal. Data from IntoTheBlock shows a strong positive price correlation between the meme coin and the leading crypto. As such, Shiba Inu is bullish whenever Bitcoin is. 

Shiba Inu Dogecoin 3
Source: Santiment

Dogecoin Traders Remain Undecided About Their Next Move

Dogecoin retail traders are said to have remained indecisive about the meme coin throughout this year. Wallets with less than 1 million DOGE hold about 11.8% of the coin’s supply, essentially the same level at the beginning of the year. As such, Santiment noted that there isn’t any sign of FOMO to suggest that these small traders are accumulating Dogecoin. 

Related Reading: Crypto Report Reveals What’s Next As Bitcoin Active Addresses Fall To 3-Year Lows
SHIB DOGE 4
Source: Santiment

Meanwhile, although Dogecoin benefitted from the hype around Tron meme coins in August, this wasn’t reflected in its price. Since then, the ratio of DOGE’s discussions against all crypto discussions has dropped to 1.28%. Sentiment is at break-even, which Santiment noted is a good sign that FOMO has quickly settled down. The analysis added that if impatience and FUD come next, it would be a good sign of a turnaround. 

SHIB DOGE 5
Source: Santiment
Shiba Inu price chart from Tradingview.com (Dogecoin)
SHIB price still holding $0.000013 | Source: SHIBUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

Shiba Inu

Shiba Inu Exec Gives Reasons To Keep Going Despite SHIB Price Crash

2 hours ago
Shiba Inu Dogecoin

Can Dogecoin And Shiba Inu Prices Recover? What To Expect In September

13 hours ago
Dogecoin

Elon Musk’s Lawyer Listed As Chairman Of $200-M Dogecoin Treasury — Details

2 days ago
Dogecoin news

Dogecoin Network Gears Up Against Upcoming Attack: Here’s How

4 days ago
Dogecoin

Dogecoin Price Is Ready To Launch 100%+ With This Swing Move

4 days ago
Dogecoin

Is Dogecoin On Discount? Whales Go To Market With 32.9 Million DOGE Withdrawal From Binance

4 days ago

Premium Sponsors

Press Releases

  • XRP retreats under pressure, while DOT Miners generates...

    3 hours ago
  • Rich Miner Launches New Cloud Mining Strategy: Secure 1,000...

    4 hours ago
  • XRP's

    Amidst XRP’s volatile price, holders are flocking to...

    4 hours ago
  • BAY Miner Launches Mobile App, Unlocking Daily Income...

    5 hours ago
  • BTC & XRP ETFs Fuel Market Buzz as Cloud Mining Surges...

    5 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.