Shiba Inu Whales Accumulate 1.81 Trillion SHIB 422% Daily Increase

Shiba Inu (SHIB) has seen a notable increase in activity from large investors, with whales accumulating a significant amount of the meme coin. According to crypto pundit Ayox ETH, on-chain data indicates that whales have acquired 1.81 trillion SHIB, representing a 422% daily increase in accumulation. This substantial buying spree has fueled bullish sentiment, with market analysts predicting a potential 110% rally to $0.000029.

The bullish momentum is further bolstered by a double bottom pattern, which is a bullish signal indicating strong accumulation, rejection of lower lows, and a confirmed trend reversal. This pattern often triggers sustained upward momentum, as noted by market analyst Mary Emerald. The double bottom pattern suggests that SHIB is poised for a significant price increase, with some analysts predicting a surge to $0.000029.

The growing excitement over Shibarium and AI initiatives within the SHIB ecosystem has also reignited interest among savvy, whale, and institutional investors. These developments have contributed to a 126% increase in social buzz, with SHIB hovering around $0.00001492. The SHIB Army, a community of dedicated supporters, continues to boost the burn rate, aiming for the psychological milestone of $0.0001. This community-driven effort to reduce the circulating supply of SHIB is expected to further drive the price upward.

The recent whale accumulation and bullish technical setup suggest that SHIB is on track for greater heights. The combination of strong on-chain metrics, growing social buzz, and community-driven initiatives positions SHIB for a potential rally. However, it is important to note that market conditions can be volatile, and investors should exercise caution when considering investments in meme coins. The predictions made by market analysts are based on current trends and patterns, and future price movements may vary.