- ShibaInu saw a 114% surge in large holder outflows, signaling potential sell pressure from whales despite recent price attempts to recover.
- While retail investors are holding the line, weakening momentum and resistance at key EMAs suggest caution is still warranted.
ShibaInu Soars in On-Chain Activity — But There’s a Catch
Shiba Inu (SHIB) has recently witnessed a staggering 114.35% surge in large holder outflows, a metric that usually sets the stage for major market moves. While the price tried to stage a recovery in recent days, the spike wasn’t driven by long-term bullish accumulation. Instead, it was fueled by whales moving massive amounts of SHIB out of their wallets—often a red flag for upcoming sell-offs.
According to data from IntoTheBlock, SHIB’s 90-day large holder outflows doubled, suggesting that big players might be preparing to exit. While the 7-day increase of 47.55% seems promising, the 30-day metric actually shows a -44.61% decline, hinting this outflow spike is more reactive than strategic. It’s not yet a bullish wave—it’s a cautious ripple.
Whale Moves Could Mean Weakening Momentum
Historically, large outflows from whale wallets signal bearish sentiment, particularly when not supported by a rise in exchange inflows or consistent buying pressure. These investors often move their tokens to exchanges or convert them off-chain in anticipation of a price drop.
Technically, ShibaInu is still struggling to break past key resistance levels: the 50 and 100-day exponential moving averages (EMAs). These zones have been capping upward price action for weeks. The Relative Strength Index (RSI) has slightly improved to 43 but remains below the critical 50 level—another sign that bullish momentum is still lacking.
Retail Investors Hold the Line—for Now
Despite the whale exodus, SHIB’s price hasn’t tumbled. This could signal growing support from retail investors or smaller holders. However, this newfound support might not last if trading volume continues to decline and price momentum fails to build. A breakdown below current support levels could easily erase recent gains.
Monitor, Don’t Chase
While the headline-making whale activity might suggest exciting moves ahead, it’s crucial to view it with caution. Without confirmation of strong buying volume or a break above resistance, SHIB’s rally could quickly lose steam. Investors should keep a close eye on exchange inflows, volume trends, and price structure near resistance zones before jumping in.
