Overview

Click to expand overview
This surge in whale transactions raises a critical question: Are whales accumulating SHIB, or is this a sign of impending sell pressure? The answer could determine Data from Santiment shows that whales hold 530 trillion SHIB tokens since January 2025. This accumulation may cause a supply squeeze for the top meme coin as SHIB Hace 2 días SHIB whales are snapping up new crypto, even as Shiba Inu’s price lingers between $0. and $0. . This range-bound movement persists despite a broader Technical indicators suggest that the SHIB price is nearing a critical support level with the RSI at 30.68, signaling oversold conditions. A recent on-chain report published Owing to the recent price action, a couple of top Ethereum whales have loaded their bags with Shiba Inu over the past few hours, but on the whole, the large Shiba Inu (SHIB) has faced recent price pullbacks, but whale accumulation, a bullish technical breakout, and increased burn activity suggest that the meme coin is poised Hace 3 días Large SHIB holders pull back sharply as liquidity SHIB Stalls Below Key Resistance as Whale Activity Collapses Shiba Inu has established a resistance zone around

Shiba Inu: Why Whale Buying Might Not Be the Complete Big Picture

Shiba Inu (SHIB) has faced recent price pullbacks, but whale accumulation, a bullish technical breakout, and increased burn activity suggest the meme coin’s future is complex. While headlines often focus on whale activity, it's crucial to understand the nuances behind these large transactions. This surge in whale transactions raises a critical question: Are whales accumulating SHIB, or is this a sign of impending sell pressure? The answer could determine the next direction for SHIB.

Are Whales Really Accumulating SHIB? A Closer Look

Recent activity shows that SHIB whales are snapping up new crypto, even as Shiba Inu’s price lingers between $0. and $0.. This range-bound movement persists despite a broader market recovery. Owing to the recent price action, a couple of top Ethereum whales have loaded their bags with Shiba Inu over the past few hours. However, it's essential to consider the larger picture. Large SHIB holders pull back sharply as liquidity SHIB Stalls Below Key Resistance as Whale Activity Collapses Shiba Inu has established a resistance zone around a critical price point. This suggests that not all whales are bullish, and some may be reducing their positions.

The Big Picture: Whale Holdings and Potential Supply Squeeze

Data from Santiment shows that whales hold 530 trillion SHIB tokens since January 2025. This accumulation may cause a supply squeeze for the top meme coin as SHIB. While this concentration of tokens could lead to upward price pressure if whales hold, it also presents a risk. A significant sell-off by even a few major holders could trigger a substantial price drop. The impact of these large holders can't be overstated.

Technical Indicators and the Potential for a Breakout

Despite the uncertainty surrounding whale activity, Technical indicators suggest that the SHIB price is nearing a critical support level with the RSI at 30.68, signaling oversold conditions. A recent on-chain report published highlights the importance of this support level. If SHIB can maintain this level and break through existing resistance, it could signal a more sustained upward trend. However, breaking through key resistance also depends on positive sentiment and continued community support.

Conclusion: A Cautious Approach to Whale Watching

While whale activity in Shiba Inu is undoubtedly a factor to consider, it's not the complete story. Investors should carefully analyze the data, considering both the accumulation trends and potential risks. Focus on a well-rounded analysis including technical indicators, market sentiment, and ongoing developments in the Shiba Inu ecosystem. The overall crypto market conditions and the broader economic landscape should also be considered. A balanced approach is key to understanding the true potential of Shiba Inu.

Top Sources

Related Articles