Shiba Inu (SHIB), the popular dog-themed cryptocurrency, has experienced a remarkable 784% increase in large holder net flows, signaling heightened activity among major investors. Data from IntoTheBlock reveals that wallets holding substantial amounts of SHIB—typically whales and institutional investors—are either accumulating or repositioning their holdings. Additionally, large holder inflows, which measure funds entering whale addresses, have jumped by 315.4%. This spike suggests that influential market players are actively moving funds, possibly preparing for a strategic shift in SHIB holdings.
SHIB Rebounds After Market Sell-Off
Following a sharp market-wide sell-off, SHIB has bounced back into positive territory. The token climbed 2.02% in the past 24 hours, reaching $0.00001121, with an intraday high of $0.00001173. This rebound follows a steep drop that saw SHIB fall to $0.00001028 after previously trading at $0.00001567 on March 26.
24-hour price chart. Source: CoinMarketCap
Despite the market turbulence, SHIB has shown resilience. The latest price action reflects renewed investor confidence, especially as the broader crypto market struggles to regain momentum.
Crypto Liquidations Fuel Market Reversal
On Monday, the crypto market saw over $1.4 billion in liquidations, with major cryptocurrencies briefly plunging over 20%. Bitcoin (BTC) dropped below $75,000 before rebounding to nearly $80,000.
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This relief rally helped stabilize the market, allowing SHIB to recover by as much as 6%. Although the recent bounce has softened previous losses, the total crypto market capitalization remains at levels last seen in early November.
The market’s ability to break past previous resistance remains uncertain, but the surge in SHIB’s whale activity suggests that large investors are positioning themselves for potential future moves.
