Shiba Inu stumbles as whales shift focus to Minotaurus 

As Shiba Inu drops 21% and sees a sharp decline in large transactions, Minotaurus offers a promising presale opportunity.

The crypto whales are making waves, and this time it’s not in Shiba Inu. Over the past month, SHIB has seen a steep 21% drop in value, and the data reveals a sharp decline in large transactions—down by 46% for those between $100,000 and $1,000,000, and a staggering 64% drop for transactions ranging from $1,000,000 to $10,000,000. 

Even more telling, the net flow of Shiba Inu (SHIB) from these whale addresses has plunged by 391%. Beneath the surface, a subtle rebalancing act is underway, with the crypto elite hastily moving their stacks to a shiny new competitor. When the whales start to exit, it’s a strong signal that they’ve found something more promising—don’t miss out on what could be the next big thing in the market, already mentioned briefly in one of our past articles.

Shiba Inu faces potential 16% drop 

Shiba Inu is facing a tough situation as recent reports suggest the token could see a 16% decline in value. A whale, known as the “Smart Whale,” recently bought hundreds of billions of SHIB after a sharp price drop. 

One would think a purchase of this magnitude would spell confidence, but instead, it unleashes fears of market meddling and volatility waiting in the wings. 

SHIB’s current price is hovering between $0.00001322 and $0.00001436, with the Relative Strength Index (RSI) at 47.61. 

This indicates the token is neither overbought nor oversold, but the market sentiment remains uncertain. The Chaikin Money Flow is slightly positive, suggesting some buying interest. However, this hasn’t been enough to counter the overall bearish outlook.

Things to get even worse before they get better?

The situation worsens with recent analysis showing that if SHIB doesn’t manage to break back into its previous falling wedge pattern, the price could drop to $0.00001082, which would be an 18% decline from current levels.

Over $7.24 billion worth of Shiba Inu tokens have been underwater for nearly three weeks, with 71% of all Shiba Inu holders currently sitting on losses. The coin’s past ATH also tells an important story.

If buying pressure doesn’t increase soon, the downtrend is likely to continue, pushing SHIB toward its lower support levels. On the other hand, if Shiba Inu can climb above $0.00001344, it might trigger a bullish reversal, potentially driving the price back up toward $0.000018. 

Traders should keep a close eye on SHIB as the next few days could be critical for its future price movement.

Minotaurus presale: Early moves and incentives

As Shiba Inu (SHIB) struggles with a significant downturn and uncertain market sentiment, it’s crucial to explore potential alternatives where the smart money seems to be shifting. While the memecoin grapples with volatility and bearish trends, another promising asset is quietly getting more and more traction and could offer a more stable option for now.

Minotaurus (MTAUR), at its core, is a unique blockchain gaming project. Also, it’s a stand-alone environment that’s fronted by an infinite runner game. In it, you can utilize the MTAUR token to explore mazes, combat legendary monsters, and unearth secret in-game riches.

Currently, investors may buy MTAUR at a 74% discount during the presale for just $0.0000515 per coin.  With the estimated listing price of $0.00020 in mind, it does seem like a great offer for many crypto enthusiasts: early entry might result in a big upside.

Utility, stability, and growth

The project, in general, provides a unique gaming experience in which MTAUR is central. It allows users to purchase items, personalize your avatar, and access new regions for exploration.

Furthermore, MTAUR buyers benefit from referral and vesting incentives, while smart token management ensures stability and reduces unexpected dumps.

The casual gaming sector, valued at $14.78 billion according to Statista, is thriving. It is expected to grow by 9% every year and that alone should be a good enough reason for growth-oriented market players to give Minotaurus (MTAUR) a second look – all information is available on the website.

Conclusion

With SHIB facing mounting challenges and significant losses, the market’s shifting focus towards new opportunities like MTAUR becomes increasingly evident. Getting in early with this promising blockchain gaming project could offer substantial upside potential and a chance to capitalize on the growing casual gaming sector.

For more information, visit the Minotaurus presale website or join the online community on X and Telegram.