SHIB Experiences Massive 764% Surge in Whale Activity, Signaling Potential Market Shift

Shiba Inu (SHIB) cryptocurrency has seen an extraordinary 764% increase in large holder netflows, potentially indicating renewed whale interest in the popular meme token.

SHIB Whale Activity Soars as Large Holder Netflows Skyrocket by 764%

Blockchain data from IntoTheBlock reveals a dramatic transformation in Shiba Inu's (SHIB) large holder netflows over the past 24 hours. The metric has surged from -31.22 billion SHIB to an impressive 1.07 trillion SHIB, representing a staggering 764% increase. This significant shift has sparked speculation throughout the cryptocurrency community that whale investors may be returning to accumulate the popular dog-themed token.

Large Holder Netflow serves as a critical indicator of whale positioning in the market. Positive increases typically suggest accumulation by major players, while decreases generally point to reduced positions or selling pressure. The current surge represents one of the most substantial NetFlow increases for SHIB in recent months.

SHIB Large Holder Inflows Surge to 1.67 Trillion Amid Increased Whale Transactions

The remarkable NetFlow increase coincides with a massive surge in large holder inflows for SHIB. Within the same 24-hour period, these inflows exploded from 497.49 billion SHIB to 1.67 trillion SHIB. Furthermore, Shiba Inu's large transaction volume—a key indicator of whale activity—jumped 16% to reach $39.84 million.

This triple combination of increased netflows, inflows, and transaction volume strongly suggests that whales may be actively returning to accumulate SHIB positions. Such activity often reflects renewed confidence among large holders in the token's prospects and could potentially forecast significant price movements in the coming days or weeks.

SHIB Price Rebounds 4% as Market Shows Signs of Recovery

At the time of writing, SHIB has posted a 4% gain in the last 24 hours, reaching $0.000014 as the broader cryptocurrency market continues its recovery trajectory. This upward movement comes as Bitcoin surpassed the $90,000 mark, while other altcoins like Bitcoin Cash (BCH), Chainlink (LINK), and Aptos (APT) experienced double-digit percentage increases.

The weakening U.S. dollar index, which has fallen to its lowest level since early November, may have contributed to the boost in cryptocurrency prices across the board. This macroeconomic factor often correlates with increased investment in alternative assets like cryptocurrencies.

SHIB Technical Analysis: Key Resistance and Support Levels for Traders

Shiba Inu (SHIB) began its current recovery from lows of $0.0000121 on March 4 and is on track to complete its third consecutive day of gains if the current trading session concludes in positive territory. The token's price reached intraday highs of $0.0000138, demonstrating renewed buying pressure.

On the upside, SHIB faces its next significant resistance at the daily SMA 50 at $0.00001679, followed by the daily SMA 200 at $0.0000192. These technical levels will be crucial for traders to monitor as they could determine whether the current recovery has staying power or represents a temporary rebound.

If selling pressure returns, SHIB might test support at $0.0000116, which has previously served as a floor for the token during recent downturns. Traders and investors are closely watching these technical levels alongside the whale activity metrics to gauge potential future price movements.

SHIB Market Sentiment Shifts as Macroeconomic Concerns Remain

While the surge in whale activity for SHIB presents a potentially bullish signal, macroeconomic concerns continue to influence the broader cryptocurrency market. These concerns have recently taken center stage, weighing on investor sentiment and putting pressure on risk assets, including U.S. stocks and digital assets.

The correlation between SHIB's price movements and broader market trends suggests that while token-specific factors like whale accumulation are important, external economic factors will continue to play a significant role in determining SHIB's price trajectory in the near term.

Despite these concerns, the dramatic increase in whale activity could indicate that large investors see value in SHIB at current price levels, potentially setting the stage for increased buying pressure if market conditions improve. If whale accumulation continues at this pace, SHIB could be positioned for another major price movement in the coming weeks.

The cryptocurrency community will be watching closely to see if this surge in whale activity translates into sustained price appreciation for one of the market's most popular meme tokens.