Shiba Inu Whale Activity Surges 450% Amid Market Tension

Shiba Inu is experiencing heightened market tension as on-chain data reveals a substantial increase in large whale activity. According to the IntoTheBlock chart, the number of transactions for deals worth between $1 million and $10 million has surged by 450% over a 90-day period. This surge in whale activity suggests that large holders are aggressively accumulating SHIB, a pattern that has historically preceded significant price movements, both upward and downward, depending on market sentiment and accompanying volume.

Technically, SHIB is currently trading just below the $0.000016 resistance level, which has historically been a challenging ceiling to overcome. After a recent breakout above the 200 Exponential Moving Average (EMA), SHIB is trading at approximately $0.000015. However, the asset is perilously close to losing these gains. A decline toward the $0.00001420 or even $0.00001310 support levels could occur if the $0.000015 level is not maintained.

There are concerns about whether this whale accumulation is supported by genuine retail interest or merely speculative positioning, given the volatility and lack of consistency in volume. If SHIB can close a few consecutive sessions above the 200 EMA with increasing volume, it may confirm bullish momentum and return to the $0.000018–$0.000020 zone. However, the sustainability of this momentum remains a critical issue.

This buying frenzy could turn into a local top rather than a breakout setup, as the price is losing steam following a strong rally, and the Relative Strength Index (RSI) is starting to slope down from overbought levels. SHIB is at a turning point, and the 450% surge in whale transactions appears bullish. However, it could quickly revert to a distribution phase if not supported by renewed volume and broader market conviction. The real battle starts at the $0.000015 level, so traders should pay special attention to it.