Usman Salis
The popular meme coin Shiba Inu (SHIB) is seeing massive whale activity with large holder inflows jumping nearly 3,000%, potentially signaling a major price move ahead.
SHIB Whales Go on Buying Spree with Staggering 2,952% Inflow Jump
Shiba Inu (SHIB), the beloved dog-themed crypto, is showing some serious bullish signals from whale wallets. Recent data reveals a jaw-dropping 2,952% increase in funds flowing into whale addresses. According to IntoTheBlock, SHIB large holder inflows shot up from a modest 238.91 billion SHIB to a massive 6.42 trillion SHIB on May 7, following weeks of quiet trading since early May.
This kind of dramatic surge typically means one thing: big money is making moves. These whale addresses often buy tokens on major exchanges before moving their haul to cold storage for safekeeping. History shows these inflow spikes often mark price bottoms, as these deep-pocketed investors tend to load up after significant dips.
Other SHIB Whale Metrics Turning Heads Too
The whale action doesn't stop there. SHIB's Large Holder Netflow metric – which tracks position changes among whales – skyrocketed by an eye-popping 6,050%. The metric jumped from 132.54 billion SHIB to 6.21 trillion SHIB on May 7, after barely moving in early May.
This dramatic shift suggests SHIB's biggest investors are repositioning themselves, likely anticipating some big price moves soon. When multiple whale metrics start climbing in unison like this, it often signals growing confidence among those with the deepest pockets.
SHIB Price Finally Breaking Out of Its Slump
After three boring days of sideways trading near the daily SMA 50 at $0.00001274, SHIB finally woke up in early Thursday trading. The token pushed upward from this key technical level to reach daily highs of $0.00001367.
At press time, SHIB was up a healthy 6.78% over 24 hours, trading at $0.00001366. This upward momentum mirrors what's happening across crypto markets, with Bitcoin flirting with the $100,000 mark for the first time since February.
Technical Picture Brightening for SHIB's Next Move
Traders are now watching the resistance zone above $0.000015 like hawks. If SHIB can push through this ceiling convincingly, it might take aim at the daily SMA 200 at $0.00001273 next. Breaking through that level could kickstart the next major leg up in SHIB's journey.
The big question is whether SHIB can flip the daily SMA 50 into support rather than resistance. Managing this would give the token solid ground to continue its upward climb. The combination of whale buying and improving technical signals creates an interesting setup for SHIB's price in the coming days.
SHIB's Momentum Riding the Broader Crypto Recovery Wave
The timing of this whale activity couldn't be better, coinciding with renewed optimism across crypto markets. As Bitcoin pushes toward six figures and other major cryptocurrencies show strength, SHIB seems perfectly positioned to ride this wave of market confidence.
This massive increase in large holder activity suggests smart money is positioning ahead of anticipated price gains. This type of accumulation typically happens before significant price movements, especially after periods of market consolidation.
All Eyes on SHIB's Next Big Move
As SHIB shows more signs of life, everyone from casual traders to institutional players is watching closely. The combination of extraordinary whale activity and strengthening technical indicators makes for a compelling story about where SHIB might head next.
If the token can keep its momentum going and break through key resistance levels, we could see some exciting price action ahead. That said, crypto remains as unpredictable as ever – so while the signs look promising, smart traders always keep one eye on their risk management strategy.
Usman Salis
