Shiba Inu Slides, But Crypto Whales Keep Buying: What Do They Know?

Shiba Inu Faces Downtrend Amid Persistent Whale Accumulation

Despite the ongoing decline in Shiba Inu (SHIB) prices and a looming risk of an 18% drop, on-chain data reveals that major cryptocurrency investors—known as ‘whales’—continue to accumulate SHIB. This growing divergence in Shiba Inu’s trading activity has caught the attention of the crypto community and market analysts alike.

Whale Transactions Surge as Retail Traders Step Back

According to blockchain analytics firm IntoTheBlock, large Shiba Inu transactions exceeding $100,000 have surged by over 175% in the past 24 hours. Meanwhile, smaller retail trades have dramatically decreased by 70%. This significant shift indicates that while retail investors are exiting their positions, whales are capitalizing on the downward trend to increase their holdings.

Technical Levels Signal Make-or-Break Point for SHIB

Currently, Shiba Inu is trading below its critical 200-day moving average. If the price drops beneath $0.0000124, analysts warn that SHIB could face an additional 18% decline. However, maintaining support above this key threshold might trigger a reversal and set the stage for a rebound.

Market Sentiment Hints at Cautious Trading

Trading volumes for SHIB have waned, and bearish sentiment among traders is driving an increase in short positions. This dynamic adds further downward pressure to the popular meme coin, raising questions about whether whales possess insider knowledge, or are simply taking advantage of opportunity.
As the cryptocurrency market navigates these uncertain times, investors are closely monitoring whale actions for clues on SHIB’s next move.