Whale Drama: Shiba Inu's 276% Surge - Is It a Comeback or Just a Fluke?

SHIB has taken a nosedive, down 9.76% in the last 24 hours. Ouch! 😬
But wait! Shiba Inu whales are back at it, with whale activity skyrocketing by 276.92%. 🐋💸

So, picture this: Shiba Inu’s [SHIB] whale activity was like that friend who ghosted you for three months. But now? They’re back, and they’ve brought a whole lot of drama with them!

In the last 24 hours, whale activity has surged, and we’re talking massive transactions and inflows. It’s like a reality show, but with more money and fewer roses.

With a 276.92% spike in whale activity, it’s clear that these big fish are back in the pond, splashing around like they own the place. 🐟💦

When you see large transactions, it’s like a game of Monopoly: are they buying Boardwalk or just cashing out? 🤔

To figure out if they’re hoarding or offloading, AMBCrypto took a peek at the large holders’ inflows and netflow. Spoiler alert: large holders’ inflow has jumped by 204% to a whopping 904.22 billion SHIB tokens. That’s a lot of doggy coins! 🐶💰

When the inflow rises, it’s like whales are throwing cash at the asset like it’s a hot new club. The memecoin’s trading volume has also spiked by 156% to $475.09 million. Talk about a party! 🎉

This suggests that whales are in full-on accumulation mode, which is a good sign for market sentiment. Or is it? 🤷‍♀️

And guess what? The rising netflow shows that inflow is outpacing outflow. It’s like a buffet where everyone’s piling their plates high! 🍽️

A rising netflow means whales are feeling bullish and are back to scoop up the dip, hoping for a trend reversal. Fingers crossed! 🤞

So, what’s the deal with SHIB’s price charts?

Well, the rising whale accumulation gives SHIB investors a glimmer of hope for a price recovery. But hold your horses! The impact of these big players isn’t felt just yet.

Meanwhile, our beloved memecoin is still stuck in a descending triangle, like a sad puppy waiting for its owner. 🐕

The downward momentum is strong, and Shiba Inu might just see more losses. It’s like watching a slow-motion train wreck. 🚂💥

Evidence? The +DI of the Directional Movement Index (DMI) is on a downward spiral, hitting a low of 7, while -DI is rising like it’s on a sugar high at 42.

This DMI setup screams that SHIB is losing more than it’s gaining, and sellers are having a field day. 🏃‍♂️💨

And just to add to the drama, the Stoch is also declining, sitting at 17, while its signal line is at 32.4. It’s like a soap opera that just won’t end! 📺

In conclusion, while whales are back in the game, their impact is still MIA. SHIB could face more losses in the short term, possibly dropping to $0.000012 if this trend continues. 😱

But hey, if the whale activity pays off, we might just see a recovery, starting with a reclaim of $0.000014. Stay tuned! 🎬

2025-02-25 22:51

Whale Drama: Shiba Inu’s 276% Surge – Is It a Comeback or Just a Fluke?

So, what’s the deal with SHIB’s price charts?

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