According to recent data from WhaleStats, Shiba Inu (SHIB) has re-entered the top 10 most-purchased cryptocurrency assets by large-scale investors ("whales"). This resurgence coincides with a broader market rebound, signaling renewed confidence among institutional holders despite relatively small transaction volumes.
Key Market Insights
- Total SHIB Holdings: $13.5 billion (up from ~$11 billion during recent lows)
Whale Purchase Metrics:
- Average transaction: ~80 million tokens
- Whale-held SHIB quantities increased 207%
Diverging Investor Behavior
While Ethereum whales are accumulating SHIB, retail traders appear cautious:
- Retail trading volume shows decline
- Investors may be pivoting from high-volatility assets as market fear subsides
Technical Analysis
SHIB remains in a mid-term downtrend but shows signs of localized recovery:
- Current price: Testing 200-day moving average resistance
- Recent bounce from local bottom of $0.00002091
Broader Market Context
Today's positive momentum extends across major cryptocurrencies:
- LUNA: +12%
- Solana: +6%
- Ethereum: Reclaimed $2,800 (+8%)
FAQ Section
Q: Why are whales buying SHIB now?
A: Whale accumulation often precedes market recoveries, suggesting anticipation of future price appreciation.
Q: Should retail investors follow whale activity?
A: While whale movements indicate institutional interest, retail investors should assess risk tolerance due to SHIB's volatility.
Q: What's the significance of the 200-day MA for SHIB?
A: This long-term moving average serves as a critical psychological price level—breaking through could signal stronger bullish momentum.
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The market continues evolving as both institutional and retail participants navigate this recovery phase. Strategic accumulation by whales suggests potential confidence in SHIB's longer-term value proposition.