Shiba Inu Experiences Surge in Whale Activity: Potential for Continued Momentum
Shiba Inu Whale Transactions Surge
Shiba Inu has recently experienced its most substantial wave of whale transactions since June 6, indicating a shift in large-holder behavior. According to Santiment, there were 406 whale transfers exceeding $100,000, along with a net increase of over 1.06 trillion SHIB on exchanges, highlighting a clear repositioning by major traders.
Price Stability Amid Inflows
Despite the heavy inflows that often lead to uncertainty, Shiba Inu has maintained key structural zones without succumbing to sell-side pressure. This stability provides traders with a better understanding of underlying demand, though price confirmation above the retest area is still necessary.
SHIB's Breakout Retest and Future Prospects
Shiba Inu has broken out of its falling wedge and is testing the upper boundary, a critical validation point. The price has reacted near $0.00000883, and the pattern typically holds if buyers defend the boundary effectively. The MACD indicator shows an upward tilt, suggesting potential for further upside, contingent on buyers maintaining the retest zone.
Buyer Activity and CVD Analysis
The Taker Buy CVD indicates sustained buyer dominance over the last 90 days, reinforcing the strength of each price bounce. This buyer persistence, combined with whale activity, suggests the beginning of an accumulation cycle, with traders scaling gradually rather than exiting positions.
Supply Pressure and Burn Rate
Shiba Inu's burn rate spiked over 1,244% within 24 hours, reducing the circulating supply. Although burn events don't guarantee price increases, they tighten supply conditions, especially when combined with rising whale activity and strong CVD metrics, reinforcing a scarcity-driven narrative.
Positive Funding Rates and Trader Conviction
Funding rates have turned positive, reflecting increased conviction among long traders. As SHIB holds its structure above the breakout line, the alignment between spot and derivatives sentiment strengthens the case for potential continued momentum.
Conclusion
Shiba Inu is currently aligned with strong whale activity, a successful wedge breakout, aggressive buy-side CVD, a sharp increase in burn rate, and positive funding rates. These signals suggest a supportive structure for the token, offering a legitimate chance for momentum continuation if buyers defend the retest zone.