Shiba Inu Plummets 20%—Then Whales Start Buying. Bottom In?

Shiba Inu's brutal 20% drop this week had retail investors scrambling—but the so-called 'smart money' isn't panicking. Whale wallets are loading up on SHIB at these levels, sparking debate over whether this is the dip before the rip.

Dogecoin's scrappier cousin has seen wilder swings than a meme stock trader's mood. Yet the recent whale accumulation hints at a playbook we've seen before: retail gets shaken out, big players accumulate, then the rebound headlines hit.

Will history repeat? Or is this just another 'buy the rumor, sell the news' circus act—complete with over-leveraged degens and the usual crypto media hype machine? Only the charts know for sure... and they're not talking.

Source: IntoTheBlock

According to IntoTheBlock, Shiba Inu whales have resurfaced in the market, aggressively accumulating the memecoin.

Just two days ago, large holders’ inflow had dropped to a monthly low of 42 billion tokens.

However, in the past day, sentiment has shifted dramatically, with inflows surging to 1.93 trillion tokens.

This massive spike suggests whales are taking advantage of the price dip, reflecting growing demand for SHIB.

Source: IntoTheBlock

The strong demand from large holders is evident, as they are buying more than they are selling. The whale netflow has jumped to a monthly high of 1.92 trillion, indicating that whales have offloaded only 8 billion tokens.

With Shiba Inu whales entering a buying spree, this signals robust demand for the memecoin.

Notably, this buying activity isn’t limited to large holders, as SHIB’s exchange netflow has turned negative, reinforcing the trend of accumulation.

Source: CoinGlass

Over the last day, Shiba Inu’s spot netflow has dropped to $-2.7 million in total.

A negative netflow suggest that exchange outflows are outpacing inflow reflecting a high accumulation behavior across the market.

Any impact on SHIB price charts?

As anticipated, whale accumulation has positively impacted Shiba Inu’s price movement.

At the time of writing, SHIB was trading at $0.00001259, following a moderate 1.03% increase.

Before this uptick, the memecoin had been in a strong downtrend, with weekly and monthly declines. This suggests that whale capital inflow could provide the boost Shiba Inu needs to sustain further price gains.

If whales continue accumulating, it may encourage other market participants to buy, increasing overall demand—which often leads to higher prices.

If the momentum from large holders persists, SHIB could test the $0.000013 resistance level.

However, if whales shift to selling, SHIB may breach the $0.000012 support and dip to $0.0000119.