Shiba Inu (SHIB) Shows Strength With 5% Rally, Reversal Confirmed?

The Shiba Inu price has risen over 5% in the last 24 hours amid the market-wide hype surrounding Ripple's partial victory in its legal battle with the US Securities and Exchange Commission (SEC). But SHIB investors should still be cautious: While the SHIB price shows a clear uptrend of 23% over the last 30 days, a complete confirmation of a trend reversal is still pending.

Timeline of Shiba-inu

In a stunning turn of events, the Shiba Inu token, SHIB, has experienced an unprecedented surge in its price, resulting in a fourfold increase in significant transactions involving the popular cryptocurrency. According to blockchain analytics platform IntoTheBlock, an astounding surge has been witnessed in transactions valued at $100,000 or more.

A dormant Shiba Inu whale resurfaced, transferring a substantial volume of SHIB tokens. Speculation on future trajectory ensues as volume analysis reveals low activity hindering price rally.

A massive Shiba Inu ($SHIB) whale that has seemingly been dormant for nearly half a year has recently reawakened and resumed its trading activity, moving over 4 trillion SHIB to a number of different addresses out of its over 100 trillion war chest.

Blockchain data shows that a substantial majority of Shiba Inu ($SHIB) holders are in a losing position at current price levels, with a staggering near 85% of investors currently being in the red, equivalent to 1.06 million addresses.

The Shiba Inu price has resorted to a very tight trading range as bulls and bears slug it out. In the last three days, SHIB has traded in a narrow range with the appearance of what seems to be a Doji pattern on its chart.

The Shiba Inu token, known for its popularity among crypto enthusiasts, is facing a major setback as the percentage of tokens carrying losses to their holders has surpassed a critical threshold. According to crypto analytics portal IntoTheBlock, over 90% of the total SHIB supply is currently incurring losses, with an additional 2.54% on top.

A dormant Shiba Inu (SHIB) whale with over 100 trillion SHIB holdings recently moved 10 trillion tokens worth $75.2 million to multiple new addresses within 24 hours. Blockchain surveillance platform Lookonchain highlighted the latest development in a tweet.

In a jaw-dropping discovery that has sent shockwaves through the Shiba Inu community, a dormant whale has emerged from hibernation. This anonymous early investor, who holds a staggering 10.15% of the total SHIB supply, has recently made significant moves, causing speculation within the community.

The largest holder of Shiba Inu (SHIB) tokens, known as a "whale" in crypto parlance, has moved four trillion SHIB tokens (approximately $29.8 million) to eight new addresses today, according to blockchain data platform Lookonchain.

Shiba Inu (SHIB) has made significant strides in the digital asset market, currently holding a market capitalization of over $4.4 billion. This remarkable achievement has propelled SHIB to claim the 18th position among the largest cryptocurrencies.