Shiba Inu (SHIB) on Whales' Radar: Are the Signs of an Upsurge Approaching?

Shiba Inu (SHIB) has once again attracted investor interest with the increasing activity in the cryptocurrency market. Especially high-volume transactions carried out by large investors – in other words, "whales" – indicate that trust in SHIB and the expectations for a potential rise are strengthening.

Whale Effect: 2.6 Trillion SHIB Transferred

According to data from the on-chain analysis platform IntoTheBlock, 2.6 trillion SHIB tokens changed hands among large wallets in the last 24 hours. The total value of these transfers is around $48.8 million. These transactions show a 28.7% increase in the "large transaction volume" category, which includes transfers of $100,000 and above. This increase suggests that institutional-level interest is being formed.

Increasing volume shows that investors have a positive expectation towards SHIB and that these positions may predominantly be on the buying side.

Technical Side "Golden Cross" Signal

On the technical analysis front, a significant development occurred: a "golden cross" formation appeared on the SHIB chart. This structure occurs when the short-term moving average crosses the long-term average upwards, and it often indicates the beginning of a bullish trend.

As of now, SHIB is trading at around $0.00001369. The price has increased by 0.9% in the last 24 hours, by 5.2% in the last 7 days, and by 8.9% in the last 30 days. This upward trend has renewed investor interest.

Massive Transfer to the Exchange: 12 Billion SHIB Transferred to Bitvavo

Another notable development in the last 24 hours was a transfer of 12 billion SHIB from a large wallet to the Bitvavo exchange. The approximate value of this transfer is calculated to be $160,800. The asset value of the sending wallet exceeds $1.48 million.

Although the purpose of this transfer has not yet been clarified, experts evaluate that this movement could either be a preparation for a potential sale or a move to test exchange liquidity. Especially as it coincides with a period where SHIB is trading at short-term resistance levels, this move makes it more significant.

Market Perception: Is an Accumulation Process Starting?

A frequently observed situation in the cryptocurrency market is that whales dictate the market by accumulating before a rise. The increasing whale activity and trading volume in SHIB may indicate that these investors are starting to take positions. This view, supported by technical indicators, suggests that new peaks in SHIB prices could be tested in the coming days.

However, a potential sale-oriented movement could create short-term pressure on the price. Still, the overall view suggests that SHIB is in a accumulation process, which could form a foundation to push prices higher.

Conclusion: Is a New Chapter Opening in Shiba Inu?

Once seen only as a "meme coin," Shiba Inu is now signaling a transformation into a more serious investment instrument supported by technical formations, on-chain data, and institutional movements. If whale interest and signs of an uptrend continue, SHIB could test new peaks in the short term.


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