- Whales increased SHIB holdings by 85%, signaling strong confidence in a rebound.
- Exchange balances dropped to 283 trillion tokens, indicating tightening market supply.
- Technical patterns suggest a potential 25% price rally toward $0.00001490.
At press time, Shiba Inu’s price was hovering near a vital support level after a sharp decline, catching traders’ eyes. Major investors, often called whales, have begun a bold buying spree that suggests renewed confidence. Exchange outflows point to tightening supply, while fresh speculation about a potential spot SHIB ETF adds more excitement. This mix of technical signals and whale accumulation paints a dramatic picture of a meme coin preparing for another act.
Whales Make Bold Moves as Supply Tightens
Large investors have been scooping up Shiba Inu with remarkable speed. Data from Nansen shows an 85% surge in whale holdings over the last month, now exceeding 100.5 billion coins. These players have purchased over 62 billion SHIB tokens since mid-September, a frenzy that began after the Shibarium network hack. Their swift action feels like a drumbeat of confidence, a sign of belief in a future rebound.
Insiders have joined the charge. They increased their collective stash to 12.4 billion SHIB coins from a low of 10 billion in August. Such synchronized moves often foreshadow rallies, as big money rarely waits for the crowd. Like shadows before dawn, these investors move early, sensing opportunity while others hesitate.
The data from exchanges gets more interesting. The amount of SHIB tokens on exchanges has dropped to 283 trillion from 297 trillion three months ago. Decreasing supply on exchanges usually signals that holders are getting ready for higher prices , moving coins to personal wallets and locking them up like treasure in a vault.
Technical Signals Point Toward a Possible Rebound
Community hopes also rise with the possibility of a spot SHIB ETF. The U.S. Securities and Exchange Commission recently released new guidelines that may speed up approval, given the existence of Coinbase futures. A green light from regulators could send ripples through the market, drawing in fresh demand from institutional players. Charts reveal that Shiba Inu has settled at a key support level.
The price rests on the lower edge of a symmetrical triangle pattern, where converging lines often spark decisive moves. Traders eye this area like a coiled spring, expecting a surge once pressure releases. The Murrey Math Lines tool highlights the same zone as a major support and resistance level. Historically, assets tend to bounce from this line, much like a ball rebounding off a sturdy floor.
Should momentum build, SHIB could climb toward $0.00001490, a potential 25% gain from current levels. A break beneath this line, however, would challenge the bullish outlook and invite caution. Emotion swirls around this moment. Optimistic whales, shrinking exchange balances, and looming ETF dreams create a scene of charged anticipation.