Whale Watch: Shiba Inu’s Meteoric Rise Lures Big Money Players

Meme coin mania strikes again—Shiba Inu rockets 300% in a week as crypto’s casino crowd piles in.

Whales circle the dog-themed token

On-chain data shows seven-figure SHIB buys from anonymous wallets, fueling speculation of coordinated accumulation. ’Smart money’ or just another pump waiting to dump? Traders brace for volatility.

The institutional FOMO factor

With Bitcoin stagnant at $65K, bored capital chases the next parabolic play. SHIB’s low entry point—still under a penny—makes it the perfect vehicle for leveraged degenerates. (Bonus jab: Your hedge fund manager now ’researching’ dog coins between yacht payments.)

The inevitable reckoning

History suggests 90% of these retail-fueled rallies end in tears. But for now? Let the dogs eat—just don’t cry when the leverage flips.

Technical Indicators: A Glimpse into Shiba Inu’s Current Stand

Shiba Inu is currently trading just above the $0.0000134 level, staying below the 200-day moving average (MA). The 100-day MA remains the largest technical resistance, hindering an upward movement. These indicators suggest that while the current price action hasn’t fully entered a bullish trend, fluctuations around significant thresholds continue.

The recovery from April’s low points highlights SHIB’s resilient nature. With the Relative Strength Index (RSI) standing at 56, it shows that the altcoin is neither overbought nor oversold, indicating a consolidation period where energy is accumulating. This scenario might be setting the groundwork for the next major move from a technical analysis perspective.

Aside from price movements, the buying and selling volumes do not yet indicate a clear direction, but signs of quiet accumulation by major investors are strong. Specifically, the $0.0000128 mark serves as robust support, and surpassing $0.0000146 could signal a medium-term trend reversal.

Silent Whale Accumulation: An Uptrend Signal for Altcoin

According to IntoTheBlock data, the wallets with significant SHIB investments have increased by 24.14% in the last 90 days. Purchases from these investors ROSE by 8.78% just in the past week. On the contrary, the percentage of exiting major investors decreased by 62.6% over the last month and by 48% in the last week. This data suggests that, instead of exiting, large investors are solidifying their positions in SHIB.

Wallet distribution further supports this insight. Addresses holding between $100,000 and $10 million in SHIB coins have increased by 16.2% and 6.45%, respectively. These investors are serious players pursuing long-term potential rather than tourists seeking short-term gains.

Alternatively, a mild decline in addresses holding between 100 million and 1 billion SHIB indicates redistribution of assets among stronger hands. Such movement often indicates the beginning of price stability and a decrease in short-term speculative fluctuations. All these developments suggest a cautious yet positive future scenario for SHIB.