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Amid Crypto Whale Activity, SHIB Fund Inflows Increase by 473%

Amid Crypto Whale Activity, SHIB Fund Inflows Increase by 473%

HappyCoinNewsHappyCoinNews2025/01/21 00:00
By:HappyCoinNews

This week kriptovalyuta Shiba Inu (SHIB) has seen an influx of funds from large holders, indicating increased interest from crypto whales and institutional players.

Notably, the volume of large transactions has increased by 20% in the last 24 hours to $202,51 million. At the same time, the balances of crypto whales have increased from 1,17 trillion SHIB on January 16 to 2,55 trillion SHIB on January 17.

This surge correlates with the recent price rise. Shiba Inu just before profit taking began. During yesterday's trading session, SHIB saw a sharp increase in price, rising from a low of $0,000022 to $0,0000246. Token continued to rise on Saturday, reaching a high of $0,00002497, before pulling back.

On the evening of January 19, SHIB lost 4,73%, falling to $0,0000230. This price decline led to the price reaching a critical range, where 108 trillion SHIB are stored in addresses.

Shiba Inu (SHIB) In/Out of the Money Index. Source: IntoTheBlock

According to IntoTheBlock, 108,19 trillion SHIB have been accumulated across 115 addresses ranging from $240 to $0,000019.

This interval turned out to be the bottom for the SHIB price since late December, stopping further declines and fueling optimism about a potential rebound.

However, a break below this level could lead to a wave of selling pressure, forcing SHIB to test the next support zone at $0,000014 and $0,000019. That being said, the next important resistance zones are $0,000023 and $0,000025, and if these are broken, it could pave the way for a bullish breakout.

EN @happycoinnews
EN @happycoinnews_en
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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