Whales Dump 32.17B SHIB — Key Support at $0.00000756 Under Threat

Published: 2026-01-29 16:05:19 |

Whales holding between 100,000 and 100 million SHIB have sold a combined 32.17 billion SHIB since January 20, 2026, according to Santiment. Concurrently, futures Open Interest for SHIB fell from $145.56M on January 6 to $96.69M, per CoinGlass, signaling reduced derivatives participation. SHIB traded near $0.00000755 (down 3.5%) with 24‑hour volume up 16% to $105.88M — rising volume on a price drop indicates seller conviction. The token is hovering around a key support at $0.00000756; failure to hold that level could see a further 6.5% decline toward $0.0000070. Technicals show the 50‑day EMA above price (bearish) and ADX at 24.44 (weak trend). CoinGlass liquidation data highlights concentrated leveraged exposure: roughly $257.7k in long liquidations at $0.00000743 and $569.8k in short liquidations at $0.00000796. Overall, on‑chain selling by large holders, falling futures OI, bearish moving averages, and concentrated leverage increase near‑term downside risk for SHIB. Primary keywords: SHIB, Shiba Inu, whales dump, futures open interest, support level.

Bearish

The combination of sizable on‑chain selling by whales (32.17B SHIB), falling futures Open Interest, price trading below the 50‑day EMA, and increased trading volume on declines points to sustained selling pressure. Concentrated leverage at defined liquidation levels (notably $0.00000743 on the downside) raises the risk of cascade liquidations if key support at $0.00000756 breaks, which could amplify short‑term downside. Historically, large holder sell-offs in meme coins plus declining OI typically precede extended pullbacks as speculative leverage unwinds. Near term: higher probability of further declines and volatility spikes if support fails. Medium/long term: outcome depends on whether sell pressure abates and whether buybacks or renewed derivative interest restore Open Interest; structural fundamentals for SHIB remain speculative, so recovery would likely require renewed on‑chain demand or macro strength in risk assets.