Shiba Inu (SHIB) Quiet Phase Amid Whale Movements
Shiba Inu (SHIB) appears to be entering a quiet phase, with whale movements slowing to a near standstill despite recent price fluctuations. Data from blockchain analytics platform IntoTheBlock shows that the flow of SHIB into large-holder wallets barely changed over the past week, registering a minuscule decline of just 0.10%.
The calm is especially striking given the sharp drop recorded on June 5, when whale inflows nosedived from over 3 trillion SHIB to under 300 billion in a single day—a collapse of more than 90%. While the cause of this abrupt pullback remains unclear, it coincided with a broader dip in SHIB’s price, which fell from $0.00001345 on June 3 to $0.0000119 by June 5.
Despite the volatility, the lack of significant movement in whale accumulation suggests that large holders may be taking a wait-and-see approach. Outflows from these addresses also shrank by 55% over the same period, reinforcing the idea that whales are staying on the sidelines rather than exiting positions entirely.
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Interestingly, netflows—the difference between inflows and outflows—increased by 67%, hinting at a subtle shift toward accumulation, even if overall volume remains low. Analysts suggest this pattern could signal a consolidation phase as investors digest broader market signals and prepare for a potential trend reversal.
Shiba Inu has managed to hold key support at $0.0000119, bouncing back modestly over the weekend. At the time of writing, the token was up 3.1% on the day and 3.7% over the week, trading near $0.00001282. Resistance lies ahead at $0.00001389, aligned with the 50-day simple moving average, and more significantly at $0.00001745 near the 200-day SMA.
For now, SHIB whales appear to be in observation mode—but whether that signals caution or quiet preparation for a larger move remains to be seen.
Alexander Stefanov
With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.
