Shiba Inu (SHIB) Whale Activity Surges 2025%, Signaling Potential Price Breakout

Shiba Inu (SHIB), the popular dog-themed cryptocurrency, is turning heads once again as whale activity surges. According to IntoTheBlock data, large holder inflows skyrocketed by a staggering 2025% this week, with 6.26 trillion SHIB tokens flowing into whale addresses on March 20. This spike in inflows suggests renewed interest from major investors and could be a sign of significant buying pressure.

Whales—typically large holders transferring assets from exchanges to cold wallets—often accumulate tokens after price corrections, potentially signaling a market bottom. This pattern has sparked speculation among traders and analysts about SHIB's next move. Historically, such inflows have preceded price rebounds, making this surge particularly notable.

As of now, SHIB is trading at $0.00001274, up 1.63% in the past 24 hours. Since its drop from $0.00001382 on March 16, SHIB has remained in a narrow range between $0.00001227 and $0.000013. Market watchers are eyeing potential resistance at the 50 and 200-day moving averages—$0.00001448 and $0.00001915, respectively. A breakout above these levels could indicate a bullish trend reversal.

On the downside, key support lies at $0.0000108, the level that halted SHIB’s drop on March 11. With increased volatility and whale accumulation, SHIB’s price could soon test major resistance levels, keeping traders on alert.

With whale netflows also jumping 1,448%, SHIB is once again in the spotlight. As interest in meme coins grows and whale wallets reawaken, the crypto market could be gearing up for another SHIB rally.