120,000,000,000,000 Shiba Inu (SHIB): Whales Are Taking Full Control

Key Points

1. 46 high-activity addresses hold over 120 trillion SHIB, representing 12.3% of the token's supply.

2. SHIB has been unable to break out of a multi-month downward trend, failing to surpass its 200-day moving average at $0.0000145.

3. Recent whale accumulation increased by 538%, contrasting with a 32% drop in outflows over the previous month.

4. A breakout above $0.0000145 could potentially push SHIB toward the $0.0000200 psychological threshold.

5. The $0.0000120-$0.0000123 range previously acted as strong support for SHIB.