Shiba Inu has registered a staggering 604% increase in whale inflows within 24 hours, as large holders accumulate the token near the $0.000012 price zone. This substantial accumulation activity signals potential volatility ahead for the popular cryptocurrency.
Blockchain data reveals whale transaction volumes exploded from 70.34 billion SHIB to 425.54 billion SHIB during this period, marking one of the most significant single-day accumulation spikes in recent history. Notably, this surge occurred while SHIB maintained relative price stability around the $0.000012 threshold.
The $0.0000118 to $0.0000126 range has emerged as a critical technical support zone for SHIB, showing historical significance as a foundation for potential breakouts or reversals. Market analysts emphasize this area’s importance in determining SHIB’s near-term trajectory.
Traders are closely monitoring two key technical developments: A sustained breakout above $0.0000135 would confirm bullish momentum, while continued observation of whale inflow/outflow patterns remains crucial for anticipating price direction. The substantial whale buying pressure suggests growing institutional interest that could catalyze upward movement if accumulation persists.