Shiba Inu Sees 150% Surge in Large Transactions – Are Whales Returning?

A major uptick in transaction activity over the past four days signals renewed interest in Shiba Inu (SHIB), the second-largest meme coin by market cap. This surge suggests SHIB whales are making a comeback, potentially driving prices higher.

According to IntoTheBlock data, SHIB’s large transaction volume jumped 150% from March 2 to March 5. On March 2, whales moved $17.28 million worth of SHIB, increasing to $39.84 million on March 5—marking a seven-day high.

Whale activity had slowed significantly during the recent market downturn, indicating major holders were staying on the sidelines. However, their renewed participation points to growing investor confidence in SHIB.

Whales Accumulating SHIB – A Bullish Signal?

The ‘Concentration’ metric from IntoTheBlock confirms that large holders are actively adding SHIB to their portfolios. Historically, increased whale activity precedes price surges in meme coins, making this a potentially bullish setup for Shiba Inu.

If SHIB can reclaim the $0.00002 level, its bullish momentum could continue. However, for a sustained rally, additional on-chain metrics, like net network growth, must also turn positive.

SHIB Price Predictions: Could It Hit $0.0004?

Crypto analyst Crypto ELITES predicts SHIB could surge to $0.000472905, outlining three key price targets:

✅ $0.000085171

✅ $0.000183312

✅ $0.000472905

The analyst sees a strong technical outlook for meme coins, arguing that as Bitcoin retraces, SHIB could take the lead.

Additionally, crypto researcher Javon Marks forecasts a 400% price increase, with SHIB potentially reaching $0.000081. Marks believes the late 2022–early 2023 breakout is still ongoing, and a rally to $0.000081 could push SHIB toward its all-time high—or even a new record.

🚀 Will SHIB maintain its momentum and hit new highs? Share your thoughts below! ⬇️

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