- Shiba Inu’s future hinges on more than just a short-term rebound, despite its impressive 1,079% surge in whale accumulation
- Recent rally proves SHIB’s potential, but it still faces strong resistance ahead
Looking at the weekly performance of memecoins, it’s clear that a potential ‘supercycle’ is starting to take shape. Shiba Inu [SHIB] is definitely in the mix, witnessing a staggering 1,079% jump in large holder netflows. This recovery came after SHIB hit a low of $0.000020 – Its weakest level since November.
Whales clearly scooped the dip
There’s no doubt the massive surge in Shiba Inu is a textbook example of a ‘buy-the-dip’ moment. Smart investors have pounced on discounted prices, driving a sharp rebound back to $0.000025. At this level, SHIB already recovered a solid quarter of the losses from Q4.
And the results are telling – Approximately 89K SHIB addresses, who purchased at an average of $0.00020, are now sitting pretty in net profits, with a total of 68 billion SHIB holdings in play.
Source: IntoTheBlock
As we’ve seen in the past, Shiba Inu tends to ride the wave as long as the broader memecoin market, especially DOGE, stays strong.
However, breaking past $0.000030 still seems tough for SHIB, despite the recent gains and without signs of overheating yet.
Shiba Inu at risk of market manipulation
Looking closely at the memecoin market, a clear pattern seemed to be emerging too. High-cap memecoins tend to surge when the market turns bullish, but there’s a growing trend of centralization.
Big holders are capitalizing on discounted prices, buying in at lower levels and selling for a premium – Something that both Dogecoin and Shiba Inu have experienced with more intensity following Trump’s rally.
In just two days, SHIB’s outflows from exchanges have surged from 200 billion to a staggering 254 billion – The highest in a week.
Source: IntoTheBlock
What’s even more concerning? With 68 billion SHIB tokens potentially in play, these large HODLers may be less inclined to push for a breakout, focusing instead on protecting their profit margins.
Realistic or not, here’s SHIB’s market cap in BTC’s terms
If this trend continues, we could see a wave of panic selling, meaning a potential breakout may be off the table unless whales ignite a new buying frenzy.
