- Shiba Inu dropped 12%, but whales accumulated 4.66 trillion SHIB during the dip.
- Trading volume surged to 4.33 trillion tokens, while the burn rate fell 95%, sparking concerns.
- Technical levels remain mixed, but whale activity signals potential for a recovery rally.
Shiba Inu’s price took a pretty heavy hit, sliding nearly 12% in just a few sessions. It’s been all over the crypto news, and yet, there’s this twist—big-money whales are quietly scooping up around 4.66 trillion SHIB. That kind of accumulation usually means they’re seeing opportunity where others see chaos. Trading volume, too, has gone wild, spiking to roughly 4.33 trillion tokens. But here’s the catch—the SHIB burn rate? It’s collapsed by more than 95%, which makes some folks wonder if its deflationary angle is losing steam.
Whales Dive In While Prices Sink
The drop saw SHIB tumble from about $0.000015189 down to $0.000014130. That’s a sharp 7% dip, but interestingly, it wasn’t as brutal as Dogecoin’s 8.5% fall during the same window. As retail traders freaked out, whales stepped in, buying aggressively around the $0.000014060 support zone. This massive buying spree seems to line up with the sudden spike in volume, which blew past historical averages. Some analysts are hinting that this type of trading activity might be an early sign of a bottom forming… though it’s always tricky to call
Technicals Are Flashing Mixed Signals
Looking at the charts, SHIB slipped under its 200-day simple moving average, which isn’t great. Still, it’s holding above the Ichimoku cloud—a detail that hints there might still be room for bulls to step back in. There’s this stubborn resistance sitting at $0.000014200, where every recovery attempt has been smacked down so far. If SHIB can break through that, we could see a rally starting to shape. But right now? The bulls are pushing hard and not making much progress.
Burn Rate Collapses—A Worrying Sign?
The SHIB burn rate, which is usually a big part of its deflationary playbook, has almost come to a halt. Only about 155,584 SHIB were burned in the past day—normally we’re talking millions. A 95% drop in burns like that raises some serious questions about token supply pressure. Even so, whales don’t seem fazed. They’re stacking up tokens like they’re betting on a future bounce.
The mix of whale accumulation, record trading volumes, and technical support above the Ichimoku cloud might just be the recipe for a recovery, especially if the broader market chills out. As of now, SHIB is still stuck under key resistance, but the way big players are moving suggests they’re quietly betting on a comeback.
