Shiba Inu Price Surges 15.38% Amid Notable Investor Shift

Shiba Inu's price surged by 15.38% in a day, driven by a notable shift in investor behavior. Approximately 145 billion SHIB tokens were moved off exchanges into private wallets, indicating reduced selling pressure and a potential growth in longer-term holding among investors.

This trend provides a supportive backdrop for the asset's upward momentum, with recent on-chain activity showing a decrease in selling interest. However, mixed technical signals and high volatility suggest limited conviction behind the move.

The price remains below its 200-day moving average, and momentum signals are mixed, indicating that prevailing short- and medium-term bullish momentum is countered by persistent long-term bearish pressure.