Shiba Inu Price Influenced by Whale Community's 10.44 Billion SHIB Influx

Shiba Inu's price action has been influenced by the whale community's behavior in recent days. On-chain data shows that the ten largest inflow transactions into exchanges totaled 10.44 billion SHIB over the past 24 hours, a 1.51% increase in the last 24 hours. This influx of SHIB onto exchanges has raised questions about the current sentiment among whales.

The broader exchange picture is active but balanced, with a net inflow of 41.36 billion SHIB. However, the netflow reading fell 2.83% on the day, suggesting the gap is narrowing. The average inflow per transaction rose 1.65% to 1.94 billion SHIB, compared with 713.26 million for average outflows.

This pattern is typical of whale activity, as big holders tend to move size in single transfers. The SHIB/USDT chart shows the price action holding just above the 200-day moving average near $0.00000565, a level that has acted as a pivot in recent weeks. The shorter-term averages are climbing below it, forming a layered support zone.

Whale inflows to exchanges can be read two ways: as a warning of potential selling or as a signal of repositioning ahead of accumulation or liquidity provision. The key level to watch is the 200-day average, which holds a retest of $0.00000600 to $0.00000627 in play. A close below it would shift attention to $0.00000557 and then $0.00000537.