Saad Ullah
Shiba Inu (SHIB) is at a turning point as whale buying jumps 538% in just one week. Only 46 big wallets now control over 120 trillion SHIB tokens - that's 12.3% of everything in circulation.
Shiba Inu (SHIB) Price Struggles While Whales Go Shopping
Something big is happening with Shiba Inu, and it's all about the whales. New data shows that just 46 super-active wallets have grabbed over 120 trillion SHIB tokens. That's a massive 12.3% of all tokens out there, and when whales move like this, prices usually follow.
But here's the thing - SHIB's price action has been pretty rough lately. The token keeps trying to break above $0.0000145 (that's the 200-day moving average), but it just can't stick. Last week, we saw a quick spike through this level, but sellers jumped in fast and pushed it right back down to $0.0000135.
This tells us there's still a lot of people waiting to sell on any bounce. The technical picture isn't great, with SHIB stuck in a months-long downtrend that's proving tough to break.
Shiba Inu (SHIB) Whale Activity Tells an Interesting Story
Here's where things get really interesting. While SHIB's price has been struggling, whale activity has gone absolutely crazy. Large holder inflows exploded by 538% in the past week alone. Compare that to the 32% drop we saw the month before - it's like night and day.
The outflow numbers are wild too. They're up over 6,000% in a week, but here's the kicker - they're still down 86% compared to last month. What this really means is that big players aren't leaving the game entirely. They're just shuffling their positions around, maybe getting ready for something bigger.
With this much whale activity happening, we could see some serious price swings coming up. When a few wallets control this much of the supply, things can get volatile fast.
Key Shiba Inu (SHIB) Price Levels That Actually Matter
If you're trading SHIB right now, there are two levels you absolutely need to watch. First up is the $0.0000120-$0.0000123 zone. This area held strong back in June, and if it breaks, we're probably looking at a trip down to $0.0000100.
On the flip side, if SHIB can actually hold above $0.0000145, things could get interesting fast. The next big target would be $0.0000200 - a level that historically gets retail investors really excited.
The bottom line? With whales controlling 120 trillion tokens and accumulation up 538% in a week, SHIB is sitting on a powder keg. The question isn't if something's going to happen - it's when, and which direction it'll go.
Saad Ullah
