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Shiba Inu falls 20%, but whales surge back in – Is SHIB’s recovery next?
Published on June 10, 2025
The Shiba Inu (SHIB) market has been witnessing a tumultuous period recently. Over the past month, the memecoin’s price declined by a staggering 20.53%. Despite this, it appears that large entities or whales have taken advantage of the dip and started accumulating SHIB tokens.
According to IntoTheBlock data, it was only two days ago when large holders’ inflow had dropped to a monthly low of 42 billion tokens. However, in just one day, sentiment has shifted dramatically, with inflows surging to an astonishing 1.93 trillion tokens. This monumental spike suggests that whales are actively taking advantage of the price dip and buying more SHIB than they’re selling.
The data further indicates that this buying activity is not limited to large holders alone; ordinary users are also participating in the accumulation. The exchange netflow has turned negative, implying that outflows have decreased significantly, while inflows have increased. This shift in sentiment could be a strong indication that the market might be on the cusp of a reversal.
The whale accumulation has already started reflecting positively on SHIB’s price movement. As of this writing, the memecoin is trading at $0.00001259, having gained 1.03% over the past day. This uptick was preceded by a strong downtrend, where the market saw weekly and monthly declines.
In light of these developments, it would not be far-fetched to speculate that SHIB’s recovery might be around the corner. If this momentum continues, with whales actively participating in the buying process, there is a real possibility that the price could test $0.000013 resistance level.
However, if large entities suddenly shift their attention and start selling, the memecoin may retest the $0.000012 support and potentially drop as low as $0.0000119.
The recent surge in whale accumulation has instilled hope within some market participants that SHIB’s recovery might be imminent.
Source: ambcrypto.com
