Shiba Inu, 505 Billion Tokens Moved in a Day...A Surge Signal Designed by Whales?

▲ Shiba Inu (SHIB)

Shiba Inu (SHIB) recorded a massive transaction of over 500 billion tokens in a single day, signaling strong accumulation by whales and heralding April's biggest rebound.

According to U.Today, a cryptocurrency specialized media outlet, on April 21 (local time), large-scale transactions exceeding $100,000 have surged in the Shiba Inu ecosystem, drawing significant market attention. Data from on-chain analytics firm IntoTheBlock shows that the total volume of large transactions over the past 24 hours reached 505 billion SHIB. This indicates that large investors are actively injecting funds, viewing the current price range as an attractive entry point.

Whale activity serves as a key leading indicator for price fluctuations in the virtual asset market. A frequent increase in large-scale transactions is often interpreted as a sign of accumulation at price bottoms, providing a basis for a strong price breakout in the future. Shiba Inu has maintained downward rigidity even amid recent volatile market conditions, establishing a stable support line. Investors are anticipating that the movement of whale funds could lead to a substantial price increase.

Technical indicators also support Shiba Inu's positive trend. The Relative Strength Index (RSI) has moved out of the oversold zone and entered a stabilization phase, and an influx of buying pressure is also observed in the Moving Average Convergence Divergence (MACD) index. Notably, the 505 billion SHIB transaction volume is one of the largest recorded in April, indicating that market energy is consolidating. The ongoing Shiba Burn activity for supply control is also a factor stimulating value appreciation.

The activation of Shibarium, a technical advancement within the Shiba Inu ecosystem, is also creating synergistic effects. As network transaction fees decrease and processing speeds improve, the number of practical use cases is increasing. Institutional investors and high-net-worth individuals are noting that Shiba Inu is evolving beyond a simple memecoin into an asset with its own unique ecosystem. Coupled with the influx of large-scale liquidity, Shiba Inu's market dominance is expected to solidify further.

As overall market sentiment in the virtual asset space recovers, the flow of funds towards Shiba Inu is expected to continue for some time. The aggressive moves by large investors help boost the psychological support level for individual investors. Shiba Inu is laying the groundwork for new price formation based on its ecosystem expansion and institutional acceptance. Global investors are focusing on the growth that Shiba Inu will demonstrate amidst the major market changes to come.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*