Shiba Inu (SHIB) Sees Whale Accumulation Surge Amid Market Rebound

Shiba Inu (SHIB), the popular dog-themed cryptocurrency, is turning heads with a massive 784.8% spike in large holder net flows, according to data from IntoTheBlock. This on-chain metric highlights the movement of tokens among whale wallets — typically institutional investors or high-net-worth individuals. Such a significant increase suggests these big players are either accumulating SHIB or making bold portfolio shifts.

Additionally, large holder inflows — the amount of SHIB entering whale wallets — surged 315.4%, further reinforcing the idea of renewed interest from major investors. This comes just after SHIB’s sharp sell-off, mirroring broader crypto market turbulence, which saw over $1.4 billion in futures liquidated and top assets like Bitcoin falling over 20% before rebounding.

At the time of writing, SHIB is trading at $0.00001121, up 2.02% in the past 24 hours, recovering from an intraday low of $0.00001028. The token had previously reached $0.00001567 on March 26 before the downturn. Despite the relief rally, only 5% of SHIB holders are currently in profit, highlighting the depth of the recent correction.

Still, SHIB’s ability to bounce back alongside Bitcoin’s climb toward $80,000 points to growing resilience. The broader crypto market remains cautious but optimistic, with traders unwinding shorts and revisiting long positions. As whales re-enter the scene and SHIB shows signs of stabilization, market watchers are keeping a close eye on whether this momentum can carry forward.

With the crypto market regaining traction and whale activity on the rise, SHIB could be setting the stage for its next big move.