#Shib
Trade now. . . ๐๐๐โโ๐ค๐ค๐ค๐๐๐โคโคโค๐ฏ๐ฏ
๐๐๐๐ฝ ๐๐๐๐ค๐ช๐ฃ๐๐จ ๐ผ๐จ ๐๐ฃ๐จ๐ฉ๐๐ฉ๐ช๐ฉ๐๐ค๐ฃ๐๐ก ๐๐ฃ๐ซ๐๐จ๐ฉ๐ค๐ง๐จ ๐๐ฉ๐๐ฅ ๐๐ฃ
While the crypto market is slowing down and volumes are eroding, an unexpected movement is stirring Shiba Inu. Within 24 hours, whales have intensified their purchases at an unprecedented rate, triggering an accumulation of SHIB by more than 200 %. This surge, unnoticed by the general public, revives speculation of a possible reversal. Behind this renewed activity of major holders, a phase change might be unfolding for one of the most closely watched memecoins in the ecosystem.
While 590 million SHIB tokens are leaving the exchanges, the renewed interest of whales in Shiba Inu has resulted in an explosion of purchases over the past 24 hours. Thus, IntoTheBlock data reveals a spectacular 207% increase in โlarge holder net flowsโ, an indicator measuring net inflows to wallets holding large amounts of SHIB
This increase coincides with a significant jump in large transactions, with volumes of those exceeding $100,000 rising by 80.80 %, reaching $14.43 million. This concentration of capital signals intense activity among the largest holders, often considered the initiators of reversal phases or strategic accumulation in market cycles.
This renewed interest comes as SHIB just bounced off a low reached on June 22 at $0.00001005, after a continuous slide. The same day, the asset hit $0.00001192 before hitting a first resistance.
Since June 24, the price has been oscillating between $0.00001100 and $0.00001192, reflecting a consolidation phase where whales seem to be repositioning. These data suggest a change in mindset among some investors, who see this correction as an opportunity to accumulate at a reduced price.