Shiba Inu (SHIB) appears to be entering a quiet phase, with whale movements slowing to a near standstill despite recent price fluctuations.
Data from blockchain analytics platform IntoTheBlock shows that the flow of SHIB into large-holder wallets barely changed over the past week, registering a minuscule decline of just 0.10%.
The calm is especially striking given the sharp drop recorded on June 5, when whale inflows nosedived from over 3 trillion SHIB to under 300 billion in a single day—a collapse of more than 90%. While the cause of this abrupt pullback remains unclear, it coincided with a broader dip in SHIB’s price, which fell from $0.00001345 on June 3 to $0.0000119 by June 5.
Despite the volatility, the lack of significant movement in whale accumulation suggests that large holders may be taking a wait-and-see approach. Outflows from these addresses also shrank by 55% over the same period, reinforcing the idea that whales are staying on the sidelines rather than exiting positions entirely.
Interestingly, netflows—the difference between inflows and outflows—increased by 67%, hinting at a subtle shift toward accumulation, even if overall volume remains low. Analysts suggest this pattern could signal a consolidation phase as investors digest broader market signals and prepare for a potential trend reversal.
Shiba Inu has managed to hold key support at $0.0000119, bouncing back modestly over the weekend. At the time of writing, the token was up 3.1% on the day and 3.7% over the week, trading near $0.00001282. Resistance lies ahead at $0.00001389, aligned with the 50-day simple moving average, and more significantly at $0.00001745 near the 200-day SMA.
For now, SHIB whales appear to be in observation mode—but whether that signals caution or quiet preparation for a larger move remains to be seen.
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