Shiba Inu (SHIB) is gaining attention again as large holder inflows rise by an impressive 206%, reflecting a renewed wave of investor confidence. According to IntoTheBlock data, whale addresses received 975.96 billion SHIB in the last 24 hours, marking a substantial increase in buying activity. This surge signals growing interest among major investors, potentially impacting SHIB’s future price movements.

SHIB Rebounds After Massive Sell-Off

This spike in whale inflows comes as SHIB’s price flips green following a significant market downturn. Yesterday’s sell-off triggered over $1.4 billion in liquidations across the crypto market, affecting multiple assets. Bitcoin (BTC) fell to a 24-hour low of $86,200 but later rebounded to nearly $89,000, showing signs of a market recovery. 

24-hour price chart. Source: CoinMarketCap

Similarly, SHIB bounced back, gaining 4.14% in the past 24 hours and trading at $0.00001432 at the time of writing. The sharp rise in whale inflows holds significant implications for SHIB. Large Holder Inflows typically indicate strong buying activity, as many investors purchase assets on exchanges before transferring them to cold storage. 

Related article: Shiba Inu Burn Rate Sees Dip: What’s Next for SHIB?

Additionally, large-scale inflows often signal price bottoms, as major holders tend to buy in bulk following steep sell-offs. However, not all inflows represent accumulation, as some transfers occur for business transactions.

SHIB Faces Key Resistance Levels

With whale activity increasing and SHIB’s price stabilizing, traders are closely watching key resistance levels. If buying pressure continues, SHIB could break out and reclaim higher price ranges. 

Despite the recent uptrend, market sentiment remains cautious. Sustained inflows and continued investor confidence will be crucial for further gains in the coming days.