Shiba Inu Whale Inflows Reveal Unexpected Trend: Insights for Crypto Investors

Shiba Inu Whale Inflows Stagnate Amid Broader Crypto Volatility

Meme Coin Holds Steady as Large Holders Pause Accumulation

In a surprising development, Shiba Inu (SHIB) has shown virtually no change in large holder inflows over the past week, indicating a potential pause in whale activity during ongoing crypto market volatility.

Whales Remain Cautious, but Large Holder Netflows Increase

Data from IntoTheBlock reveals SHIB's large holder inflows recorded just a -0.10% change in the last seven days, contrasting sharply with the 90% plunge observed on June 5. This drop coincided with SHIB's price decline from $0.00001345 on June 3 to $0.0000119 on June 5.

The stagnant inflows despite price drops suggest some stability returning to Shiba Inu's ecosystem. This pattern implies the June 5 decline may have been more a reaction to broader market turbulence than a fundamental shift in investor confidence.

Notably, large holder outflows decreased by 55% over the past week, while netflows increased by 67%. This mixed picture shows whales in observation mode, with some positive sentiment persisting among larger investors.

Shiba Inu Finds Support, but Faces Resistance Ahead

After a three-day decline, SHIB has stabilized at the $0.0000119 support level. The meme coin shows positive momentum in early Saturday trading, with 3.10% daily gains and 3.70% weekly growth.

The immediate resistance level stands at $0.00001389, aligned with the daily SMA 50. A breakthrough could set the stage for testing the more significant daily SMA 200 at $0.00001745.

As the crypto market navigates macroeconomic uncertainty, Shiba Inu's whale activity suggests cautious optimism. The project's ability to maintain support and challenge resistance levels will be closely monitored by both the SHIB community and broader crypto observers.