Ah, Shiba Inu, the canine coin that refuses to roll over and play dead. This time, it’s not the price that’s barking up the tree of attention, but rather the whales—those leviathans of liquidity—who’ve decided to make a splash. Over the past two days, a staggering 160 billion SHIB tokens have been vacuumed up like crumbs at a dog park. Eighty billion a day? That’s not just a nibble; it’s a full-blown feast. What do these aquatic overlords know that the rest of us mere minnows are missing? 🐟
IntoTheBlock’s net flows data paints a picture as clear as a freshly cleaned aquarium. After weeks of treading water, large holders have suddenly gone on a SHIB shopping spree, with netflows skyrocketing from near-zero to over 80 billion per day. While the long-term outlook remains as murky as a pond after a rainstorm (with seven, thirty, and ninety-day netflows all swimming in the red), this short-term surge hints at a possible turning point. Or perhaps it’s just the whales playing a prank on us landlubbers. 🐳
The SHIB price chart, that ever-reliable oracle of optimism, tells a tale of resilience. Despite the meme coin market’s perpetual identity crisis and the lack of fundamental support, SHIB has managed to cling to life, trading at a princely $0.000012. It’s holding above a key short-term support level and flirting with resistance at the 50 EMA, but let’s not get too excited—it’s still miles below the 100 and 200 EMAs. In other words, SHIB is the underdog that’s still learning to fetch. 🐕
Adding to the intrigue is the subtle growth in midsized wallets. More addresses now hold between 100,000 and one million SHIB, suggesting that smaller, opportunistic traders are joining the whale party. But let’s not pop the champagne just yet. The SHIB ecosystem remains as stagnant as a puddle in July, with no real innovation or development to speak of. Without tangible momentum beyond speculative froth, a long-term recovery is about as likely as a cat learning to bark. 🐱
Still, if the whales keep up their current feeding frenzy, it could spark a shift in sentiment—especially if prices start to wag their tails. Historically, these aquatic giants have been the harbingers of significant price swings. Whether this recent influx is a false alarm or the start of a larger trend remains to be seen. But one thing is certain: SHIB is back in the spotlight, and the whales are stealing the show. 🎭
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2025-04-14 14:14