Shiba Inu Whales Gobble Up 4.66 Trillion SHIB—Could This Mega-Buyback Reverse the 12% Price Crash?
Shiba Inu whales just made a move that’s shaking the meme coin’s foundations. A jaw-dropping 4.66 trillion SHIB accumulation hit the books—enough to make even Bitcoin maximalists raise an eyebrow.
Is this the lifeline SHIB needs?
The token’s been bleeding out, down 12% in recent weeks. Retail investors panicked, paper hands folded—but the whales? They’re loading up like it’s a Black Friday sale on digital confetti.
Market mechanics 101: When the big players accumulate, supply shrinks. Basic economics says that should put upward pressure on price. But let’s be real—this is crypto, where logic goes to die screaming.
One cynical take? Whales might just be propping up their bags before dumping on the next FOMO wave. After all, what’s a meme coin without a few rug-pull rumors?
Keep your eyes peeled. If this whale activity triggers a short squeeze, we could see SHIB moon… or crash harder than a Lehman Bros. holiday party.
Shiba Inu Whales To The Rescue?
The large holders’ netflow for shiba inu has recently spiked, reaching a two-month high. In the last 24 hours, 4.66 trillion SHIB were accumulated by addresses holding at least 0.1% of the circulating supply. These whales, who have collectively invested $63.7 million, are betting on a price rebound.
Whale activity is crucial for Shiba Inu, as these large holders can significantly impact the price movement. With such a substantial accumulation occurring during the recent price drop, it’s clear that the whales are willing to support SHIB at these levels. This could create upward momentum if buying continues, countering the downward trend that has affected SHIB in recent days.
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Looking at Shiba Inu’s macro momentum, the number of active addresses by profitability reveals a concerning trend. Currently, about 27% of active SHIB addresses are in profit. This is a critical level because, historically, once the proportion of profitable addresses crosses 25%, their decisions are more likely to impact the price action.
If these investors decide to make a profit, the selling pressure could drive Shiba Inu’s price lower.
The increasing percentage of profitable addresses indicates that many holders could cash out soon, especially after the recent price spike. This presents a potential risk for Shiba Inu, as such behavior could trigger a further decline in price.
SHIB Price Bounce Back
Shiba Inu’s price is currently trading at $0.00001353, down 12.5% over the past 24 hours. The altcoin is holding above the support level of $0.00001317. If the whales’ continued accumulation efforts succeed, SHIB may rebound from this support level, aiming to rise toward $0.00001435.
A successful bounce off $0.00001317 would likely pave the way for further price appreciation, potentially pushing Shiba Inu to $0.00001553. Securing this level as support could mark a recovery of today’s losses and initiate a new uptrend, provided the broader market conditions remain favorable.
On the other hand, if Shiba Inu falls below the support of $0.00001317 due to profit-taking, the meme coin could slip to $0.00001188. This WOULD invalidate the bullish thesis and further reduce investor confidence. The next few days will be crucial in determining if SHIB can maintain its current support levels.
