Massive Accumulation Fuels Upward Momentum
Shiba Inu (SHIB) has seen a dramatic uptick in whale activity over the past 24 hours, with on-chain data revealing a staggering inflow of 728 billion SHIB into large-holder addresses. This surge in accumulation coincided with a price jump from $0.00001422 to a peak of $0.00001484, signaling renewed bullish interest among deep-pocketed investors.
On-Chain Metrics Mirror Price Action
Blockchain analytics show that multiple wallets holding between 100 million and 10 billion SHIB have increased their balances significantly. These addresses, often referred to as “whales,” tend to move markets when they enter or exit positions. The recent inflow suggests confidence in Shiba Inu’s short-term outlook as whales accumulate during market dips.
Market Reaction and Sentiment
Retail traders have reacted positively to the whale accumulation, driving trading volume up by over 15% on major exchanges. Social media sentiment has flipped bullish, with Shiba Inu communities buzzing about the possibility of a sustained rally. Several technical indicators now point toward further gains if support holds above the $0.000014 level.
Expert Insights and Future Outlook
Crypto strategists suggest that large-holder activity like this often precedes extended rallies in memecoins. If whales maintain their positions, the probability of a push toward $0.00001600 increases. However, experts caution that broader market conditions and Bitcoin’s performance will remain key drivers.
Bottom Line
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk, and readers should conduct their own research before making any decisions.
