Shiba Inu (SHIB) has seen a sharp increase in large-holder inflows, signaling renewed interest from major investors. On-chain data reveals a 365% rise in whale activity over the past seven days. This surge suggests that institutional players and high-net-worth individuals are making significant moves, which often influences SHIB’s price direction.
Major Holders Accumulate Billions of Tokens
Recent data shows that large investors have acquired billions of SHIB tokens, reversing months of declining whale participation. Over the last 30 and 90 days, whale transactions remained negative at -10.18% and -74.39%, respectively.
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However, the sudden weekly increase indicates that these investors may be positioning themselves for a broader market recovery. Despite the rise in whale activity, SHIB’s price remains stable at around $0.00001250. Resistance near $0.00001400 continues to limit upward momentum.
24-hour price chart. Source: CoinMarketCap
If SHIB breaks this barrier, it could rally toward the $0.00001700 resistance zone. On the downside, support at $0.00001230 remains crucial. A drop below this level could push SHIB further down to $0.00001150, reigniting bearish sentiment.
What’s Next for SHIB?
For SHIB to sustain a bullish trend, it must hold above key support levels. The increase in whale accumulation is promising, but external factors like macroeconomic conditions, overall crypto market trends, and investor sentiment will ultimately shape its next move.
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If whales continue accumulating and SHIB surpasses resistance levels, a long-term uptrend could follow.
However, failure to maintain support may trigger further declines. Investors should monitor technical levels and on-chain data closely to gauge SHIB’s potential direction.
