📌Shiba Inu Whale Activity Surges: Outflows Spike 992%, What's Next for SHIB?🚨🚨🚨

🔶️Shiba Inu ($SHIB ) is once again drawing attention as on-chain data reveals a dramatic surge in whale activity. According to IntoTheBlock, large holder outflows for SHIB skyrocketed by an astonishing 992% this week, rising from 105.39 billion SHIB on June 1 to 1.07 trillion SHIB by June 3. These outflows represent tokens leaving whale or large holder addresses.

🔶️This spike in outflows could signal two potential trends: either whales are selling their holdings, or they are moving SHIB to cold storage—often a bullish indicator suggesting long-term confidence in price appreciation.

🔶️Adding to the intrigue, large holder inflows have also surged 206% during the same period, pointing to fresh accumulation among whale wallets. This aligns with a sharp 216% jump in large transaction volume (over $100K), highlighting intensified whale positioning.

🔶️Despite the spike in whale activity, $SHIB is trading slightly lower, down 0.56% in the last 24 hours to $0.0000131, after recovering from its recent low of $0.00001226. The token faced resistance at $0.00001345.

💡$SHIB Key levels to watch: a breakout above the 50-day SMA at $0.00001387 could trigger bullish momentum, while a move above the 200-day SMA at $0.00001764 may confirm the next uptrend. On the downside, $0.00001 remains strong support.