Shiba Inu (SHIB) Suffering From 'Tremendous' FUD

Shiba Inu (SHIB) Experiencing FUD, DOGE Sentiment Steady

According to analytics platform Santiment, Shiba Inu (SHIB) is facing significant fear, uncertainty, and doubt (FUD). This is evident in the low percentage of SHIB supply held by wallets with less than one billion tokens, indicating strong centralization among large "whales."

Social media engagement for SHIB has also declined significantly, aligning with the outflow of retail investors. Additionally, SHIB has been outpaced by other meme cryptocurrencies and even Litecoin (LTC) in terms of trading volume.

Despite these challenges, Santiment suggests that SHIB could perform well if Bitcoin rallies. However, its long-term returns remain negative at approximately -32%, earning it the label of "a worse-performing Dogecoin."

In contrast, Dogecoin (DOGE) is showing no signs of FOMO. Retail investors remain undecided, with Santiment indicating that DOGE sentiment is currently "break-even."