SHIB Rebounds As Institutional Investors Step In

While the crypto market is slowing down and volumes are eroding, an unexpected movement is stirring Shiba Inu. Within 24 hours, whales have intensified their purchases at an unprecedented rate, triggering an accumulation of SHIB by more than 200 %. This surge, unnoticed by the general public, revives speculation of a possible reversal. Behind this renewed activity of major holders, a phase change might be unfolding for one of the most closely watched memecoins in the ecosystem.

The whales’ major maneuvers : 207 % accumulation

While 590 million SHIB tokens are leaving the exchanges, the renewed interest of whales in Shiba Inu has resulted in an explosion of purchases over the past 24 hours. Thus, IntoTheBlock data reveals a spectacular 207% increase in “large holder net flows”, an indicator measuring net inflows to wallets holding large amounts of SHIB.

This increase coincides with a significant jump in large transactions, with volumes of those exceeding $100,000 rising by 80.80 %, reaching $14.43 million. This concentration of capital signals intense activity among the largest holders, often considered the initiators of reversal phases or strategic accumulation in market cycles.

This renewed interest comes as SHIB just bounced off a low reached on June 22 at $0.00001005, after a continuous slide. The same day, the asset hit $0.00001192 before hitting a first resistance.

Since June 24, the price has been oscillating between $0.00001100 and $0.00001192, reflecting a consolidation phase where whales seem to be repositioning. These data suggest a change in mindset among some investors, who see this correction as an opportunity to accumulate at a reduced price.

The behavior of whales, often anticipatory, seems aligned with this logic. Several factual elements make it possible to better grasp the scope and timing of this dynamic :

• +207 % increase in net flows to large holder addresses in just 24 hours ;
• $14.43 million exchanged in large transactions, compared to $7.98 million the previous day (+80.80 %) ;
• An accumulation phase that coincides with a rebound of SHIB from its recent low of $0.00001005, reached on June 22 ;
• Since June 24, SHIB trades within a tight technical range between $0.00001100 and $0.00001192, an area that appears to serve as a repositioning ground for whales.

These converging on-chain signals suggest that major players are strategically repositioning amid still low prices. Such activity could indicate a change in sentiment on the asset or even anticipation of a significant rebound.

Testing technical resistances and awaiting a macroeconomic signal

Beyond whale activity, analysts’ attention is now focused on technical thresholds and overall economic outlooks that could determine the next significant movement.

To date, SHIB struggles to break through its 50- and 200-day daily moving averages, located respectively at $0.0000132 and $0.0000157. A clear breakthrough of these levels would be perceived as a strong bullish signal. Currently, the crypto still trades below these levels, reflecting increased caution in the market.

If buying pressure returns to the market, Shiba Inu could target a bullish movement towards $0.000023, suggesting a potential bullish scenario conditioned on a change in global dynamics.

Additionally, the macroeconomic situation remains a blocking factor. The market is suspended on statements from the U.S. Federal Reserve, which is set to announce its interest rate decision at the end of July.

Most analysts expect a status quo, but some Fed members are beginning to mention a possible rate cut if inflation continues to decline. This cautious context currently freezes major initiatives in the crypto market, especially for assets most sensitive to speculation like SHIB.

Despite its fall, the crypto Shiba Inu still attracts major holders. Whale activity therefore constitutes a promising early indicator, but it is still insufficient on its own to validate a lasting reversal. It may be in the convergence between technical signals and macroeconomic relief that the next major impulse for Shiba Inu will be played out.