Shiba Inu（Shib）目前正在遇到身份危機

由於基本原理，鯨魚的興趣減弱和缺乏領導才能，Shib似乎正在迅速失去動力。

Shiba Inu is currently experiencing an identity crisis as it is nowhere near its own version from 2021. SHIB seems to be losing steam quickly due to poor fundamentals, waning whale interest and a lack of leadership.

Shiba Inu目前正在遇到身份危機，因為它遠不及2021年的版本。由於基本原理不佳，鯨魚的興趣減弱和缺乏領導才能，Shib似乎正在迅速失去Steam。

Large SHIB holders, especially those with trillions of tokens, are vanishing according to on-chain data, which is a concerning trend. While smaller holders have barely increased, wallets holding between 1 trillion and 10 trillion SHIB have recently seen a decline of more than 2%

根據鏈上數據，大型濕巾持有人，尤其是那些具有數万億個令牌的持有者正在消失，這是一個有關趨勢。雖然較小的持有人幾乎沒有增加，但持有1萬億至10萬億希布的錢包最近下降了2％以上

This change is highlighting the waning interest of early investors who once had high hopes for SHIB to become a long-term moonshot.

這一變化強調了早期投資者的興趣，他們曾經對Shib成為長期的月球發行寄予厚望。

This is especially concerning given that the total number of smaller SHIB holders, namely those with less than 100 million tokens, has remained nearly unchanged. It seems that only a small portion of traders are accumulating at current price levels.

尤其是，考慮到較小的濕巾持有人的總數，即少於1億個令牌的人的總數幾乎沒有變化。似乎只有一小部分交易者在當前價格水平上積累。

Concern is heightened by the sharp decline in large transactions. By April 12, the metric had fallen to just 15 from a peak of 112 large transactions on April 7. This sharp drop indicates that institutional or whale interest is waning. This creates a negative impression of SHIB's momentum when combined with the declining volume of transactions.

大型交易的急劇下降加劇了人們的關注。到4月12日，該指標在4月7日的112次大型交易中跌至僅15個。這種急劇下降表明機構或鯨魚的興趣正在減弱。當交易量減少時，這會給Shib的動量產生負面印象。

The data on In/Out of Money is equally instructive. As of right now, only 10% of SHIB holders are profitable at current prices (~$0.0000123), and 88% are underwater. This indicates that the great majority of SHIB's circulating supply is sitting in unrealized losses with nearly 900 trillion tokens being out of the money.

內外資金上的數據同樣具有啟發性。截至目前，只有10％的洗紙漿持有人以目前的價格有利可圖（〜$ 0.0000123），而88％則在水下。這表明，Shib的大部分循環供應都陷入未實現的損失中，而將近900萬億個令牌屬於這筆錢。

The 50, 100 and 200 EMAs are important moving averages that SHIB has been struggling with since early 2024 and it is currently trading below all three. For a brief moment, the meme coin tried to break through resistance at $0.0000128 but was unable to maintain the line.

自2024年初以來，50、100和200 EMA是Shib一直在掙扎的重要移動平均值，目前的交易低於這三個。在短時間內，模因硬幣試圖以0.0000128美元的價格突破阻力，但無法維持線路。

Without an outside catalyst, a breakout appears less likely as volume fades and the RSI remains in neutral territory. SHIB is fundamentally undirected. Now that Shytoshi Kusama rarely makes public appearances and there have been no significant ecosystem updates, the coin is only surviving on brand memory. There are no innovative alliances, no road map and no alluring value proposition other than wishful thinking.

沒有外部催化劑，隨著體積逐漸消失，RSI仍然處於中立領域，突破似乎不太可能。濕骨從根本上是無方向性的。既然Shytoshi Kusama很少公開露面，並且沒有重要的生態系統更新，那麼硬幣只能在品牌記憶中生存。除了一廂情願的思想以外，沒有創新的聯盟，沒有路線圖，也沒有誘人的價值主張。

The market as a whole may go into a frenzy and SHIB's once-dominant trillionaire holders may continue to fade into the past unless the Shiba Inu team produces a major development soon.

整個市場可能會陷入瘋狂的狂熱，而Shib曾經佔有主導的千萬富翁持有者可能會繼續逐漸消失，除非Shiba INU團隊很快就會產生重大發展。