Whales bought 1 trillion SHIB, signaling strong renewed interest in Shiba Inu.
SHIB scarcity rises as tokens leave exchanges, boosting potential price gains.
Positive buying pressure may push Shiba Inu price toward key resistance levels.
Shiba Inu — SHIB, is in the spotlight again. After days of uncertainty, big players are piling back into SHIB with surprising force. One trillion SHIB tokens have been scooped up by whales, shaking up the usual calm. This wave of buying could be the spark that ignites a powerful rally. Let's explore how this development will impact SHIB in the future.
https://twitter.com/CryptoAmb/status/1924814014015504505 Whale Activity Signals a Shift in the Market
Shiba Inu whales had disappeared briefly, causing worry among investors. Just four days ago, whale inflows slowed to 163 billion tokens, raising fears they were cashing out. However, the scene changed quickly. Now, whales have returned with a vengeance, accumulating a staggering 1.04 trillion SHIB tokens. This dramatic return shows big holders sense opportunity and are acting fast.
Looking at the netflow data reveals a clearer picture. Whales recorded an outflow of 768 billion SHIB recently, but that came with a net positive inflow of 266 billion tokens. In simpler terms, these major players are buying more SHIB than they sell. Demand is winning out over supply, painting a bullish picture for SHIB’s future. This buying frenzy isn’t just limited to whales. Retail traders are joining in, pushing the spot market into positive territory.
Buyers purchased 338.28 billion SHIB, while sellers offloaded 326 billion. This imbalance means buying pressure is edging out selling activity, another sign the market favors SHIB right now. CryptoQuant’s Exchange Netflow data confirms this surge. For two days straight, SHIB has seen massive outflows from exchanges. Over 372 billion tokens left exchanges during this time, reducing the memecoin’s availability for sale.
What Could This Mean for SHIB Prices?
The recent accumulation has already influenced SHIB’s price action. After slipping to $0.00001388, the memecoin rebounded to $0.00001492. This modest bounce hints at a shift in investor mood, tilting towards optimism. If this accumulation streak holds, SHIB could retake $0.0000158 soon. Breaking through that resistance may unlock even bigger gains.
A move past $0.0000158 could send SHIB climbing to $0.000017. The market is watching closely, and momentum could accelerate quickly if buyers remain dominant. On the flip side, SHIB remains vulnerable. A return of selling pressure could pull SHIB back down to $0.0000138. Market swings can be swift, so investors should stay alert.
Overall, the whales’ massive buy signals renewed confidence in Shiba Inu. This shift in market sentiment often triggers price action. Whether this marks the start of a new rally or a short-term blip, SHIB is definitely back in the spotlight. For now, accumulating SHIB looks like a smart move as scarcity climbs and buyers dominate.
