Shiba Inu (SHIB) has found its way back into the crypto spotlight, but not due to a dramatic price rally. Instead, whale movements are making waves. Over the last 48 hours, SHIB has witnessed a staggering inflow of 160 billion tokens, 80 billion each day. This sudden uptick has ignited speculation across the market. Could whales be responding to insider signals that the rest of the market has yet to notice?
Positive Netflows Suggest Whale Confidence
Data from IntoTheBlock highlights a clear shift in whale behavior. After weeks of flat or neutral activity, large holders are now actively accumulating SHIB. Netflows, which had hovered near zero, have suddenly jumped to over 80 billion SHIB daily. This change is significant. Although long-term metrics, such as the seven, thirty, and ninety-day netflows, remain in negative territory, this recent surge introduces a possible inflection point in the short term.
The timing of this movement raises eyebrows. Why now? While the broader meme coin sector remains sluggish, and SHIB’s fundamentals have not drastically improved, whales appear to be moving ahead of the curve. Historically, such large-scale accumulation has often preceded notable price actions.
SHIB Price Holds Strong Amid Market Weakness
Despite the lack of major catalysts, SHIB’s price shows resilience. At the time of writing, the token is trading around $0.000012, clinging to short-term support and actively testing resistance at the 50-day Exponential Moving Average (EMA). This level has served as a technical battleground, and SHIB’s ability to maintain this range speaks volumes.
However, SHIB continues to trade below the more significant 100 and 200 EMAs. This positioning suggests that while there’s early bullish sentiment, SHIB has substantial ground to cover before entering a stronger technical posture. Until it climbs past these longer-term resistance zones, any breakout remains tentative.
Retail Traders Quietly Join the Movement
Interestingly, the recent inflows aren’t limited to whales. On-chain data also shows an increase in the number of midsized wallet holders—specifically those holding between 100,000 and one million SHIB. This subtle trend hints that opportunistic retail investors may be following whale activity, hoping to capitalize on a potential price movement.
Still, the broader SHIB ecosystem hasn’t delivered significant innovation or development updates in recent weeks. This stagnancy in project fundamentals adds a layer of caution. Without tangible progress or utility enhancements, SHIB’s price movements rely heavily on sentiment and speculative behavior.
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Could This Be the Start of a New Rally?
While it’s too early to call this a full-fledged recovery, the signs are worth watching. Whale activity often sets the stage for broader market reactions, and the current pattern echoes similar periods of accumulation seen in SHIB’s history.
If this momentum continues and translates into price growth, the market may witness a shift in sentiment. Until then, SHIB’s future hinges on how long whales keep their interest and whether retail traders continue to follow their lead.
For now, SHIB is back in the headlines, not for hype or partnerships, but for the quiet yet bold moves of deep-pocketed investors. The coming days will reveal whether this is just a temporary uptick, or the beginning of something more substantial.
