Shiba Inu whale flows up 992%: What's going on?
#ShibaArmy #MyCOSTrade #KouachiSignals $SHIB $DOGE $BNB
๐ตEvent Details
๐ฅAccording to data from IntoTheBlock๐ต, whale flows (outflows from large investors) into Shiba Inu surged by 992% during the first week of June 2025. On June 1, outflows reached 105.39 billion SHIB๐ฐ, but by June 3, they had jumped to 1.07 trillion SHIB๐ต๐ฅ๐. This massive increase indicates significant activity by whales๐ฐ, wallets holding large amounts of the token$.
Additional Data
Inflows: Along with the surge in outflows, whale inflows saw a 206% increase during the same period.
Large Transaction Volume: Transaction volumes exceeding $100,000 increased by 216% over the past 24 hours, reflecting intense market activity.
Current SHIB Price: At the time of writing, SHIB is trading at $0.0000131, down slightly by 0.56% over the past 24 hours.
Recent Low: On May 31, SHIB reached a low of $0.00001226.
Key Technical Levels:
50-day moving average: $0.00001387, a barrier limiting upward momentum since late December.
200-day moving average: $0.00001764, a potential upside target.
Support Level: Near $0.00001.
Event Implications
This surge in whale flows can be interpreted in several ways:
Increased selling pressure: Whales may be selling large amounts of SHIB, which could put downward pressure on the price in the short term.
Transfers to secure wallets: If funds are being transferred to cold wallets for long-term storage, this could be a positive sign indicating whales' confidence in the future of the currency.
Market Activity: An increase in large transaction volumes and inflows indicates that the market is experiencing active activity, which could lead to price volatility.
Market Context
This event comes at a time when the cryptocurrency market is undergoing a period of consolidation, with investors anticipating future price movements. Whale activity is an important indicator, as it can influence market sentiment. For example, the transfer of 2.87 trillion SHIB to Coinbase Institutional, as reported in a post on X, may be part of this activity, fueling speculation about whale strategies. Potential Impact on the SHIB Price
Bullish Scenario: If outflows indicate a move of funds to secure wallets, circulating supply may decrease, supporting a long-term price rally.
Bearish Scenario: If whales sell, the price may face downward pressure, especially if it approaches the $0.00001 support level.
Technical Levels: The price is currently facing resistance at $0.00001345, with a potential target at the 200-day moving average at $0.00001764 if it breaks through.
Community Views
On the X platform, this move has sparked widespread discussion:
A post from ShibSpain describes the event as a "huge move" and excites the #SHIBARMY community.
Another post from Ksaynak16 shares a link to the article from U.Today, further fueling public interest.
A post from RoundtableSpace notes that 2.87 trillion SHIB were moved to Coinbase Institutional, which may be related to this activity.
Conclusion
The 992% surge in whale inflows into Shiba Inu is a significant event worth monitoring. Whether this reflects a sell-off or a strategic move into safe-haven wallets, this activity highlights the changing dynamics in the SHIB market. Investors are advised to monitor key technical levels and further developments in whale activity to understand potential price impacts. For more details, see the full article on U.Today.