Whales Build 10B SHIB Stash as Technical Signs Point to Potential Bull Run

Shiba Inu (SHIB) is showing signs of building momentum as it approaches its 200-day simple moving average (SMA), a key technical indicator often used by traders to assess long-term price trends. Analysts have noted increased on-chain activity, particularly among large holders, or "whales," which suggests growing confidence in the token's future performance. As of the latest data, SHIB has seen a steady rise in trading volume over the past two weeks, with a notable increase in the number of active wallets participating in transactions.

One of the most significant developments has been the accumulation of SHIB by large investors. Whale activity has surged, with a cumulative increase in coin stash reaching over 10 billion SHIB. This accumulation is indicative of a potential shift in market sentiment, as major holders typically buy during periods of undervaluation and may later liquidate during upward trends. The growing presence of whale activity has led some analysts to speculate that SHIB could see a bullish correction if it breaks through the 200-day SMA.

Technical indicators also suggest that SHIB is nearing a critical level. The 200-day SMA currently stands at approximately $0.0000085, a price level that has historically acted as a barrier for the token. A breakout above this level could signal the start of a new bullish phase, especially if accompanied by strong volume. Traders are closely watching on-chain metrics such as the Net Daily Flow (NDF) and the Coin Days Destroyed (CDD) index, both of which have shown positive trends.

The broader meme coin market has seen mixed performance in recent months, with Shiba Inu outperforming many of its peers. While Dogecoin (DOGE), another well-known meme coin, has faced volatility due to regulatory uncertainties, SHIB has maintained a relatively stable trajectory. This resilience has drawn attention from both retail and institutional investors who see SHIB as a more predictable play in the meme coin space. Additionally, the Shiba Inu ecosystem has continued to expand, with growing interest in its decentralized finance (DeFi) protocols and tokenomics model, which emphasize long-term sustainability.

Despite the recent optimism, market analysts caution that SHIB remains subject to the highly speculative nature of the crypto market. A successful breakout above the 200-day SMA would not guarantee sustained growth without broader market support. Investors are advised to monitor key macroeconomic indicators and regulatory developments, particularly in jurisdictions with significant crypto adoption. Nonetheless, the accumulation by whale holders and positive technical signals indicate that SHIB may be in the early stages of a potential bullish phase.