Shiba Inu Whale Frenzy: 10.4T $SHIB Scooped Up as Golden Cross Forms

Shiba Inu ($SHIB) is seeing a whale-driven revival, with 10.4 trillion tokens worth $110M snapped up amid a sharp spike in on-chain activity. Whale accumulation has surged 600%, pushing SHIB’s price up 4.3% to $0.00001182.

A bullish Golden Cross—where the 50-day MA crosses above the 200-day MA—has formed, signaling a potential trend reversal. Analysts point to rising futures interest, reduced exchange supply, and a possible $BTC BTC rally as key bullish drivers.

Meanwhile, Shibarium announced a major upgrade to enhance decentralization and security through RPC rate limit enforcement.