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Sujit Kumar
Mar 6, 2025
by Sujit Kumar

Shiba Inu Whales Surge: 764% Increase in Netflows Sparks Optimism

Shiba Inu Whales Surge
Shiba Inu (SHIB) has experienced a dramatic shift in whale activity, with large holder netflows surging by 764% over the past 24 hours. According to blockchain data from IntoTheBlock, netflows soared from -31.22 billion SHIB to 1.07 trillion SHIB. At the same time, large holder inflows jumped from 497.49 billion SHIB to 1.67 trillion SHIB, and the volume of large transactions increased by 16% to $39.84 million. These figures suggest that whales may be accumulating SHIB once again, reflecting renewed confidence among major investors.

Market Reaction and Price Movement

Amid this surge in whale activity, SHIB's price has rebounded, climbing 4% in the past day to reach $0.000014. This recovery comes as broader market conditions improve, with Bitcoin recently surpassing $90,000 and other major altcoins like Bitcoin Cash, Chainlink, and Aptos posting double-digit gains. The decline in the U.S. dollar index to its lowest level since early November may also have contributed to the positive momentum in the crypto market.

Technical Outlook

Despite the encouraging inflows, traders remain cautious. SHIB faces resistance at key technical levels, with the next hurdles at the daily SMA 50 ($0.00001679) and SMA 200 ($0.0000192). Conversely, support is expected around $0.0000116. Market participants are closely monitoring these levels to gauge whether the current whale accumulation will trigger a sustained breakout or if the price will remain volatile.

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Shiba Inu Whales Surge
Shiba Inu Whales Surge: 764% Increase in Netflows Sparks Optimism
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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