Usman Salis
Shiba Inu (SHIB) is showing serious whale activity with large transactions jumping 80.80% as big players position for a potential market reversal.
Something big is happening with Shiba Inu (SHIB) right now. The meme coin seems to be gearing up for its next major move, and the whales are definitely taking notice. We're seeing whale activity surge by a massive 207%, which is the kind of number that makes you pay attention.
SHIB (Shiba Inu) Whale Activity Reaches New Heights
The numbers are pretty wild. In just 24 hours, large transactions worth more than $100,000 have jumped 80.80% to hit $14.43 million in total volume. That's not pocket change, even in crypto terms.
These spikes don't happen randomly. When whales start moving this much money around, they're usually positioning for something big. The pattern looks like classic whale behavior - quietly building positions while the market's consolidating, picking up SHIB at what they think are discount prices.
The $14.43 million in large transaction volume represents real conviction from players who can move markets. When this kind of money flows into a token during consolidation, it's usually a sign that something's about to shift.
SHIB (Shiba Inu) Price Action and Technical Outlook
SHIB took a hit, dropping to $0.00001005 on June 22, but bounced back to $0.00001192 the same day. Since June 24, it's been trading in a tight range between $0.000011 and $0.00001192. Currently sitting at $0.00001154 up 3.6% in 24 hours.
The key resistance levels to watch are the 50-day moving average at $0.00000132 and 200-day at $0.0000157. A break above these could trigger a run toward $0.000023. Support at $0.00001 has been holding strong, preventing SHIB from adding another zero during recent market declines.
Usman Salis
