The Shiba Inu (SHIB) market is witnessing record-breaking whale activity, with 15.1 trillion SHIB tokens transferred in a single day. This massive movement comes as the broader crypto market experiences a sharp downturn, leading analysts to question whether SHIB whales are positioning for a price rebound.
Shiba Inu Whales Make Massive Moves
According to IntoTheBlock, large-scale Shiba Inu (SHIB) investors executed a staggering 15.1 trillion SHIB transfer, worth approximately $253.05 million. This whale movement represents a 10.8 trillion SHIB increase from the previous day’s 4.3 trillion SHIB transaction, which was already a significant rise from the 1.5 trillion SHIB moved on February 1.
This surge in whale activity has raised speculation about potential accumulation strategies, as such moves often influence market sentiment and price trends. Historically, large inflows and transactions from whales have been precursors to major price movements, making these transfers critical indicators for SHIB’s next direction.
Crypto Market Crash – How Is SHIB Reacting?
The crypto market downturn has impacted major assets, with Bitcoin (BTC) trading below $100,000 and Ethereum (ETH) dropping below $3,000. The downturn, fueled by U.S. trade war concerns involving China, Mexico, and Canada, has also affected Shiba Inu, causing a 20% weekly decline.
Despite the downtrend, CoinMarketCap data shows that SHIB has made a slight recovery of 6.4% in the past 24 hours, hinting at a potential reversal. However, its trading volume has dropped by 38.7%, settling at $874.2 million, suggesting cautious investor sentiment.
SHIB Whale Inflows & Outflows Surge – What Does It Mean?
Data from IntoTheBlock (ITB) shows a 553.59% increase in large holder inflows over the past week. On February 2, whales accumulated 1.27 trillion SHIB, but by the next day, their purchases surged to 6.51 trillion SHIB.
Meanwhile, whale outflows have skyrocketed by 1,290%, with 967.25 billion SHIB exiting the market on February 2. The following day, whales moved 6.5 trillion SHIB, an increase of 5.5 trillion SHIB from the previous day.
Such activity could indicate strategic repositioning, with whales possibly accumulating SHIB at lower prices in anticipation of a rebound.
Is a SHIB Price Surge Coming?
While whale transactions typically impact price movements, it remains uncertain whether the recent SHIB whale activity is a sign of an imminent price rally.
At present, SHIB trades at $0.000015, still far below its 2024 high of $0.00002. If whale accumulation continues and market conditions stabilize, SHIB could see a strong rebound. However, investor sentiment and broader market recovery will play a crucial role in shaping SHIB’s short-term price action.
Key SHIB Levels to Watch:
- Support: $0.0000145
- Resistance: $0.0000165
- Breakout Target: $0.000018 – $0.000020
With whale activity at record highs, SHIB remains a token to watch in the coming weeks. Investors should closely monitor further whale movements and overall market conditions to gauge SHIB’s next potential move.
