Shiba Inu’s Whale Drama: A Tale of Almost Nothing! 🐶💸

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In a twist that would make even the most seasoned crypto enthusiast raise an eyebrow, our dear Shiba Inu (SHIB) has decided to play the role of the stoic statue, showing an astonishingly negligible change in large holder inflows over the past week. Yes, you heard it right—essentially no movement in the grand ballet of whale transactions! 🐋💤

According to the ever-reliable data from IntoTheBlock, SHIB’s large holder inflows have recorded a minuscule -0.10% change. The reason for this drop? Well, that remains a mystery wrapped in an enigma, sprinkled with a dash of confusion. 🤔

But wait, the plot thickens! On June 5, the inflows took a nosedive from a staggering 3.07 trillion SHIB on June 4 to a mere 287.97 billion SHIB—an eye-watering decline of over 90% in just 24 hours. Talk about a dramatic fall from grace! 🎢

This decline, coinciding with a dip in Shiba Inu prices, saw SHIB tumble from a high of $0.00001345 on June 3 to a low of $0.0000119 on June 5. A classic case of “what goes up must come down,” right? 📉

However, the fact that SHIB only experienced a -0.10% change, despite the June 5 dip, suggests that perhaps, just perhaps, some semblance of stability is creeping back into the picture. Could it be that the decline was merely a fleeting reaction to the chaotic symphony of the broader crypto market? 🎶

Shiba Inu whales in observation mode

In a curious turn of events, Shiba Inu’s large holder outflows, which indicate funds gracefully exiting whale addresses, have shown a negative change of -55% over the last week. It seems our whales are now in observation mode, perhaps sipping on their virtual cocktails while watching the market unfold, with little accumulation to speak of. Meanwhile, large holder netflows have increased by 67% during the same period. Quite the paradox, isn’t it? 🍹🐳

This could simply be a pause before the next grand move, as the market digests macroeconomic signals and broader sell-offs like a fine wine. 🍷

As of Friday, Shiba Inu returned to a support level of $0.0000119 after a three-day fall, navigating through the murky waters of market uncertainty. Positive momentum was sustained during the early Saturday session, with SHIB up 3.10% in the last 24 hours to $0.00001282 and 3.70% weekly. A glimmer of hope, perhaps? 🌟

On the upside, Shiba Inu faces an immediate barrier at $0.00001389, which coincides with the daily SMA 50, ahead of the daily SMA 200 at $0.00001745. Will it break through, or will it be yet another tale of missed opportunities? Only time will tell! ⏳

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2025-06-07 17:19