A surge of insider sell-offs has put Shiba Inu in the hot seat, stirring concern over its future. Large holders are quietly exiting their positions and the sell signals are becoming harder to ignore.
On-chain data shows trillions of SHIB tokens have been moved to exchanges, pointing to a growing loss of confidence among whales. Smart money is shifting to projects that promise real-world value, like Remittix (RTX).
Shiba Inu (SHIB) Faces Sell-off
Shiba Inu is trading around $0.00001187, sliding in response to recent whale activity. Market data shows that Santiment reports over half of SHIB’s supply is controlled by just ten wallets. When big holders move their tokens, the impact can be swift and severe.
Source: CoinMarketCap
A massive single-day drop of over 12% took SHIB to $0.00001177 after trillions of tokens shifted to exchanges. CoinDesk flagged a whale transaction of 2.87 trillion SHIB worth $36 million, but later noted this was a custody transfer, not a sale. Even so, Binance data and other exchanges report similar shifts for institutional wallets, signaling a broader withdrawal of confidence.
Despite the sell-off, the number of SHIB wallets has exceeded 1.5 million. The Shibarium Layer 2 migration also continues, with over 1.5 million users already on board.
That’s solid ecosystem growth. Shibarium has logged more than 1.2 billion transactions and counts over 266 million connected wallets, a signal that the community is still engaged.
But on-chain activity doesn’t always prevent price drops. SHIB now hovers near a critical support level of $0.0000102. Breaks below that could trigger deeper losses, possibly reaching lows near $0.0000060.
Why Traders Are Watching Remittix
One of the projects catching attention right now is Remittix (RTX). Unlike meme tokens, RTX solves an actual problem. It lets users convert crypto like SHIB, ETH or BTC into FIAT currencies and send it straight to a bank account, all in one step.
Remittix is already catching the attention of freelancers, remote workers and everyday crypto users who just want a simple way to use their earnings. Users don’t need to shuffle through multiple apps or jump between exchanges.
Remittix supports over 100 cryptocurrencies and works with 30+ FIAT currencies, so people can cash out or hold onto their money with ease. That kind of convenience is exactly why more users are starting to take notice.
As more traders shift focus from hype to utility, tokens like RTX are stepping into the spotlight. They’re not promising the moon. They’re delivering a service people already need.
Expert Verdict Gives Remittix the Edge
Whale exits, centralized token control and unstable burn rates make Shiba Inu risky in the short term. Ecosystem momentum like Shibarium helps, but might not be enough to offset declining core support.
Meanwhile, Remittix is delivering tangible value: crypto-to-cash access that works today. For those steering away from meme coins and looking for utility, Remittix could be the next smart move.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/ Socials: https://linktr.ee/remittix
