- Shiba Inu (SHIB) recorded a 551% surge in whale activity, with 1.6 trillion SHIB—worth $18.24 million—moved in large transactions within 24 hours.
- Despite this spike, SHIB’s price dipped slightly, and a breakout above key moving averages is needed to confirm a bullish trend.
Shiba Inu (SHIB), the popular dog-themed cryptocurrency, is once again making waves in the market after a dramatic surge in whale activity. In the past 24 hours, the blockchain recorded 1.6 trillion SHIB—worth approximately $18.24 million—transferred in large transactions, marking a massive 551% increase.
Large transactions—those exceeding $100,000—are typically used as a metric to track whale behavior. The sudden jump in volume signals renewed interest among major holders, either accumulating or strategically repositioning their SHIB portfolios. According to data from IntoTheBlock, this surge marks the highest whale activity for SHIB in the past seven days.
Shiba Inu Shows Signs of Accumulation or Pre-Move Strategy
The renewed activity may indicate a mix of accumulation and repositioning by large investors preparing for SHIB’s next price action. Until now, whale movement had mostly remained flat since June 24, with a low of 236.19 billion SHIB in large transfers recorded on June 29. The reversal into high-volume territory could mean that big players are sensing an imminent price shift.
Moreover, weekly large holder inflows have also flipped positive, increasing by 271%, further reinforcing the idea that accumulation is underway.
SHIB Price Under Pressure Despite Whale Buzz
Despite the flurry of large transactions, SHIB’s price has not followed suit—at least not yet. The token dipped 1.79% over the last 24 hours, reflecting the broader market’s slight decline at the start of July. SHIB had previously peaked at $0.00001198 on June 29, but bulls were unable to maintain the upward drive due to limited trading volume.
If SHIB can decisively move above its 50-day and 200-day moving averages at $0.00001298 and $0.00001553 respectively, a climb toward $0.00002 could be in sight. On the downside, strong support sits at $0.00001, a level the token has defended in both April and late June.
Shiba Inu’s whale activity explosion could be the spark for a major price shift, but without accompanying volume and retail support, the rally remains speculative. Investors should watch closely for a breakout above key moving averages to confirm whether this whale-driven surge is the beginning of a bigger move—or just another ripple in the meme coin’s volatile journey.
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