Key Insights:
- Shiba Inu whale ownership has increased to 74%, showing major investors are accumulating significant portions of the circulating supply.
- Long-term SHIB holders now make up 79%, reflecting growing confidence driven by increased utility through the Shibarium ecosystem.
- The token is trading within a tight range between major moving averages, with a potential breakout expected based on price pressure.
Shiba Inu has recorded a significant uptick in whale activity, with large holders now controlling 74% of the token’s circulating supply. Data from IntoTheBlock shows that addresses holding at least 1% of SHIB or maintaining substantial long-term balances are behind the increase. This rise reflects strong positioning by key investors who appear to be making concentrated bets on Shiba Inu’s value prospects.
Coupled with the wave of whales, the quantity of long-term SHIB holders, which are the ones who have at least one year of SHIB holding, has since increased to 79%. This change is an indication of the increase in the investor base based on the exuberance of retaining the asset relative to active trading. This trend may have been caused by the growth of the Shiba Inu ecosystem, such as the development of Shibarium, which allows a greater deal of utility to users and thus helps to keep them on board.
After the recent pullback, Price stabilizes
After one week of decrease, SHIB has started its recovery, and now prices range around ($0.00001405, following an initial drop of $0.00001299. The volatility has decreased to trade at a very close range of between 0.00001392 and 0.00001422. Regardless of the recent volatility, SHIB is placed between the important moving averages, having resistance at the 200-day SMA of about 0.00001427 and support at the 50-day SMA of about 0,00001265.
While the data reflects a sharp increase in whale ownership, it is important to note that some of these addresses may belong to exchanges or smart contracts. IntoTheBlock’s metrics do not distinguish between these and individual investors. Still, the trend underscores growing concentrations of SHIB among top-tier addresses, possibly indicating a long-term outlook by major holders.
Market Awaits Decisive Breakout
SHIB remains locked between technical levels, and its next significant move will depend on a breakout from this range. The asset’s consolidation phase is drawing close attention as large holders continue to increase their positions. Traders are monitoring closely to see whether the price will climb above resistance or fall below support in the coming sessions.
