{"id":138557,"date":"2024-10-04T17:30:00","date_gmt":"2024-10-04T14:30:00","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138557"},"modified":"2024-10-04T12:30:05","modified_gmt":"2024-10-04T09:30:05","slug":"shiba-inu-whales-accumulate-amid-market-correction-hinting-at-potential-recovery","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/shiba-inu-whales-accumulate-amid-market-correction-hinting-at-potential-recovery\/","title":{"rendered":"Shiba Inu Whales Accumulate Amid Market Correction, Hinting at Potential Recovery"},"content":{"rendered":"<p>Notably, there has been a significant surge in <strong><a href=\"https:\/\/www.newsbtc.com\/shiba-inu\/shiba-inu-whale-shib-transfers-massive-360-spike\/\" rel=\"nofollow\">activity<\/a><\/strong> among large holders, or whales, in the past 24 hours. According to IntoTheBlock, the large holder netflow has increased by 45% in the last day and a remarkable 3,840% over the past 48 hours.<\/p>\n<p>This substantial shift indicates a growing interest from whales, as they appear to be <strong><a href=\"https:\/\/app.intotheblock.com\/coin\/SHIB\/deep-dive?group=ownership&amp;chart=all\" rel=\"nofollow\">accumulating<\/a><\/strong> SHIB tokens, with a net inflow of 322.7 billion <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/shiba-inu\/\">SHIB<\/a><\/strong> on October 1, reversing a previous trend of outflows.<\/p>\n<p>In September, Shiba Inu marked a significant turning point by breaking a six-month downtrend, soaring by 63% from a low of $0.00001304 to a three-month high of $0.00002141. However, the token has since corrected, experiencing a 24% decline, with its current price hovering around $0.00001646.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-138480\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Despite this downturn, the accumulation activity from whales and other buyers has played a crucial role in preventing further losses. The token has found support at the $0.00001609 level, as bulls have successfully defended this price multiple times since October 1.<\/p>\n<p>The recent accumulation by whales suggests that they are taking advantage of the price declines, potentially positioning themselves for a price rally in October. This behavior often indicates confidence in the asset\u2019s future performance. Market analysts will be closely monitoring this trend, as whale activity can significantly influence price movements in the cryptocurrency market.<\/p>\n<p>With the strong support established by the whales, Shiba Inu appears to be in a relatively stable position for another upward movement, provided that broader market conditions remain favorable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu is currently experiencing a bearish correction; however, recent on-chain data suggests a potential recovery on the horizon.<\/p>\n","protected":false},"author":3,"featured_media":97281,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[108,374,248],"coin_category":[],"class_list":["post-138557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-price","tag-shiba-inu","tag-whales"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shiba Inu Whales Accumulate Amid Market Correction, Hinting at Potential Recovery<\/title>\n<meta name=\"description\" content=\"Shiba Inu is currently experiencing a bearish correction; however, recent on-chain data suggests a potential recovery on the horizon.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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