Shiba Inu (SHIB) has exhibited significant price turbulence driven by major whale transactions, with over 750 billion tokens recently moved between wallets. This substantial activity signals potential shifts in market sentiment among large-scale holders.
The cryptocurrency encountered a sharp price decline, partially triggered when one whale transferred 425 billion SHIB tokens. These movements have amplified market volatility and intensified selling pressure across exchanges.
Technical indicators identify critical support thresholds at $0.0000129 and $0.00001107, acting as buffers against further downward momentum. Conversely, resistance remains firm at $0.0000135, a level essential for potential bullish recoveries.
Market participants continue monitoring SHIB’s real-time price action and whale wallet movements through blockchain analytics platforms, assessing whether current support can stabilize the asset.