Shiba Inu Sees Whale Frenzy with 10.4 Trillion SHIB Scooped Up as Golden Cross Forms
2025-07-05 12:10:17
Main Idea
Shiba Inu (SHIB) experiences a surge in whale activity and on-chain transactions, leading to increased bullish momentum and potential price movement.
Key Points
1. Whale investors acquired 10.4 trillion SHIB tokens worth $110 million, sparking a surge in on-chain activity.
2. Shiba Inu’s transaction volume reached 24 trillion SHIB in early June, with whale activity increasing by 600%.
3. SHIB’s price increased by 4.3% in the past 24 hours, trading at $0.00001182.
4. A golden cross formation (50-day MA crossing above the 200-day MA) signals potential bullish trend reversal.
5. Technical indicators suggest strengthening short-term momentum, including a double-bottom pattern and rising futures open interest.
Description
Shiba Inu (SHIB) is back in the spotlight after whale investors scooped up 10.4 trillion tokens worth $110 million, sparking a surge in on-chain activity and bullish technical signals. After a sharp decline and waning investor confidence, whales are now accumulating billions in SHIB, reigniting short-term price and market optimism. Despite Shiba Inu’s prolonged consolidation, a sudden spike in on-chain activity has caught the market by surprise. For instance, Shiba Inu’s transaction volume soare...
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