Whales Return to SHIB: Is a Comeback in Sight? 🧐

Shiba Inu whales have clandestinely amassed 1.93 trillion tokens, no less!
SHIB has modestly risen by 1.03% in the last 24 hours—how quaint.

Since reaching a delightful peak of $0.00001764 three weeks prior, our dear Shiba Inu [SHIB] has been compelled to indulge in a rather dismal descent within a descending channel—oh, the tragedy! 📉

Over the course of a month, the memecoin has sacrificed 20.53% of its value, evidently under immense downward pressure—such a splendid display of market temperament!

Yet, amid this decline, opportunists are rubbing their hands with glee, for the most generous of them—whales—are re-entering the arena, keen as ever to scoop up the dip. How charming. 🐳

Whales accumulating Shiba Inu tokens

According to the wise folks at IntoTheBlock, the whales have made a dramatic reappearance, actively gathering the memecoin as if it were a particularly attractive morsel. Fancy that!

Just two days prior, their inflows had dwindled to a modest 42 billion tokens—hardly worth noting, really. But in the space of twenty-four hours, they have surged to a colossal 1.93 trillion tokens! Quite the dramatic ebb and flow, isn’t it? 😅

This astonishing leap hints that whales are capitalizing on the price dip—surely a sign of their insatiable demand and their fondness for bargain-hunting.

The large holders’ eagerness is unmistakable—they buy far more than they sell, with their net flow soaring to a monthly high of 1.92 trillion, barely offloading 8 billion tokens. Such restraint! Or perhaps just prudence.

This surge in whale activity signals a robust appetite for SHIB, much to the amusement of market jesters everywhere.

Furthermore, this frenzy isn’t exclusive to the titans of the market. The exchange net flow has turned negative—an elegant way of saying that more tokens are leaving than entering, all but shouting, “Buy, buy, buy!” 📉

In just the last day, Shiba Inu’s spot net flow has dipped to a total of -$2.7 million—how positively scandalous! A negative net flow reveals a high level of accumulation across the market, much to everyone’s delight—and perhaps some despair for the latecomers.

And what of the price charts? Does this activity portend brighter days?

As expected, the reinvigoration of whale interest has lent Shiba Inu a modicum of positive momentum. At present, SHIB flirts at $0.00001259, post a slight gain of 1.03%. How exciting.

Prior to this modest bounce, our friend SHIB was trapped in a downward spiral, with declines spanning weeks and even months. The influx of whale investment appears to have provided a much-needed lift — perhaps even a glimmer of hope!

If these mighty whales persist in their hoarding, they might push SHIB towards the esteemed resistance level of $0.000013. 🎯

However, beware! Should the whales decide to sell instead of buy, SHIB could retreat below the crucial $0.000012 support, plummeting to a low of around $0.0000119. Such is the unpredictable nature of our beloved market—full of surprises and heartbreaks.

2025-06-10 05:17

Whales Return to SHIB: Is a Comeback in Sight? 🧐

And what of the price charts? Does this activity portend brighter days?

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