Shiba Inu Whales Accumulate 3.5T SHIB ($57M) as Price Attempts Recovery

In Brief:

SHIB price rises 5% in 24 hours, bouncing off key support at $0.00001462.

Whales added 3.5 trillion SHIB ($57M), but long-term holders remain unprofitable.

SHIB must flip $0.00001676 into support for a stronger rally.

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Shiba Inu (SHIB) is showing signs of recovery, gaining 5% in the past 24 hours, driven by whale accumulation despite long-term holders facing losses. On-chain data shows that large holders added 3.5 trillion SHIB ($57M) in the past 48 hours, marking the first significant whale inflow in over a month.

However, market signals remain mixed. If SHIB flips $0.00001676 into support, a rally toward $0.00001961 is possible. Otherwise, selling pressure from short-term traders could keep SHIB range-bound between $0.00001462 and $0.00001676.

Investors are watching whether whales continue buying or if profit-taking resumes—a key factor in SHIB’s short-term momentum.

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