Shiba Inu Whales: Are They Signaling a Bull Run?

• Shiba Inu (SHIB) sees significant whale activity, with over $1.51 billion in transactions recorded.
• Large holders control over 73% of the SHIB supply, increasing their positions during market dips.
• Despite increased whale activity, SHIB’s price has only seen a slight 2% decline in the past 24 hours.

Shiba Inu (SHIB) is again capturing crypto whales’ attention, with recent data revealing significant accumulation among top-tier wallets. This renewed interest raises the question: Is whale activity signaling an impending bullish move for the popular meme coin?

On-Chain Data Shows Spike in Whale Activity

Blockchain analytics show that SHIB transactions exceeding $100K have spiked over the past week, with 332 such transactions recorded, totaling over $1.51 billion. This surge in whale activity coincided with additional data revealing the movement of 4 trillion Shiba Inu, valued at $99 million, between anonymous wallets on November 14.

A few days prior, approximately 1.6 trillion SHIB tokens were moved in three transactions from an anonymous wallet to the Coinbase exchange.

At press time, data from IntoTheBlock shows that large holders now control over 73% …

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