Shiba Inu Price Surge: Whale Inflows Fueling a Potential Breakout

Shiba Inu (SHIB) is experiencing a surge in price, fueled by large-scale inflows from whales and showing signs of renewed bullish momentum. Over the past 30 days, SHIB’s holdings have seen a remarkable increase of 643%, highlighting increased interest from these sophisticated investors. This influx appears to be distributed across the market rather than originating from a single entity, suggesting that this rise is based on broader market sentiment. Technical analysis indicates potential for further gains, with SHIB testing resistance levels and breaking above crucial moving averages.