Whale Activity Reinforces Accumulation Trend Rece

Whale Activity Reinforces Accumulation Trend

Recent data from CryptoQuant and other blockchain analytics platforms reveals a noteworthy shift in whale behavior. Over 768 billion SHIB tokens have been moved off exchanges, indicating strong long-term holding sentiment. Meanwhile, a fresh inflow of 266 billion tokens suggests whales are actively buying back into the asset, adding to the accumulation narrative.

Shiba Inu Large Transaction Volume. Source: IntoTheBlock

This net positive flow supports the broader bullish sentiment. “Whales are buying more than they’re selling, which usually reflects a belief that the asset is undervalued,” one analyst noted. Additionally, retail traders have shown sustained interest, with 338.28 billion SHIB purchased compared to 326 billion sold in recent days.