Shiba

bullish

Spike

Shiba Inu

<ul class="wp-block-list news-points">
 <li>Shiba Inu (SHIB) sees significant whale activity, with over $1.51 billion in transactions recorded.</li>
 <li>Large holders control over 73% of the SHIB supply, increasing their positions during market dips.</li>
 <li>Despite increased whale activity, SHIB’s price has only seen a slight 2% decline in the past 24 hours.</li>
</ul>
<a href="https://coinedition.com/shiba-inu-imminent-breakout-to-50-surge-on-6200-burn-rate/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> is again capturing crypto whales’ attention, with recent data revealing significant accumulation among top-tier wallets. This renewed interest raises the question: Is whale activity signaling an impending bullish move for the popular meme coin?
<h2 class="wp-block-heading" id="h-on-chain-data-shows-spike-in-whale-activity">On-Chain Data Shows Spike in Whale Activity</h2>
Blockchain analytics show that SHIB transactions exceeding $100K have spiked over the past week, with 332 such transactions recorded, totaling over $1.51 billion. This surge in whale activity coincided with additional <a href="https://x.com/whale_alert/status/1857163089914781778" target="_blank" rel="noopener noreferrer nofollow">data</a> revealing the movement of 4 trillion Shiba Inu, valued at $99 million, between anonymous wallets on November 14.
A few days prior, approximately 1.6 trillion SHIB tokens were moved in three transactions from an anonymous wallet to the Coinbase exchange.
At press time, <a href="https://app.intotheblock.com/coin/SHIB" target="_blank" rel="noopener noreferrer nofollow">data</a> from IntoTheBlock shows that large holders now control over 73% …
The post <a href="https://coinedition.com/shiba-inu-whales-are-they-signaling-a-bull-run/" rel="noopener noreferrer nofollow">Shiba Inu Whales: Are They Signaling a Bull Run?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Shiba Inu Whales: Are They Signaling a Bull Run?

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