You Won’t Believe Why Dogecoin and Shiba Inu Are Tanking Right Now

Oh great, here we are again. Dogecoin and Shiba Inu prices are down today, after a tiny little uptick yesterday. You can almost feel the excitement. 🎉 Crypto guru Nobler thinks this whole thing is just price manipulation, not some big sell-off by investors. Because, why not? Let’s blame them-clearly, the market’s just full of innocent bystanders here. 🙄

Why Are Dogecoin and Shiba Inu Prices Tanking Again?

According to CoinMarketCap (yeah, because they know everything), both DOGE and SHIB prices are plummeting today. But hey, it’s following a nice little run-up yesterday, so you can’t really blame the market for being a little indecisive, right? Nobler went on X (formerly Twitter-yeah, that’s still a thing) and claimed that Binance, Wintermute, and BlackRock were all dumping Bitcoin right before the Federal Reserve decided to drop some knowledge bombs on us. Makes sense, because who doesn’t like a good price crash for the meme coins?

According to Nobler (he must know something), these big players have sold off over $1.5 billion worth of Bitcoin. Yeah, just a casual $1.5 billion. So now Bitcoin’s desperately trying to stay above $100,000, and guess what? That’s pulling DOGE and SHIB down with it. The meme coin lifeboat is sinking faster than you can say “to the moon” 🚀.

Oh, and let’s not forget: Dogecoin is sitting way below that magical $0.2 mark, while Shiba Inu is practically doing the worm in performance, down over 53% since January. Lovely. Just lovely. 🥴 The worst part? Experts are even whispering that we might be in a bear market right now. So, uh, prepare yourself for more sad memes.

Wintermute, that market maker with a name like a discount ice cream shop, claims there’s no liquidity left. So, basically, the bull market’s on pause, and that means even Dogecoin and Shiba Inu are taking the hit. You know, because obviously it’s not the meme coins themselves at fault. Everything else is just draining the life out of crypto, but hey, don’t worry about it. 🙄

Meanwhile, companies like CleanCore and Bit Origin were all about buying up DOGE earlier in the year. Now? They’ve stopped. So, in case you were wondering, the whales (you know, the big guys) aren’t really buying right now either. According to Santiment data (the experts who track whales, like… the big, scary fish), this is contributing to the downward spiral of Dogecoin and Shiba Inu. Shocking, right? 🐋🙃

The $1 Dream for DOGE is Still Alive (Somehow)

Despite all this, a crypto analyst named XForce (because of course that’s his name) says that the “macro target” for Dogecoin is still around $1. Oh sure, just $1. Why not? That would be a new all-time high. As if we didn’t have enough drama in this market already. He’s even claiming that DOGE’s price chart is one of the best representations of Elliot Wave’s 5-wave structure. Like, we’re all supposed to get excited about that. 🥳

But don’t worry, if that doesn’t work out, there’s always an Expanding Ending Diagonal to look forward to. Whatever that is. 🤷‍♂️ Meanwhile, SHIB Booster (yes, that’s a thing) says Shiba Inu might just rally soon. Maybe. Probably. Because tokens from last year’s bull run are starting to show gains. So, you know, it’s totally going to be fine, right? 🐕💸

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2025-11-08 22:49