Shiba Inu Whale Activity Surges as Price Consolidates

Shiba Inu (SHIB) witnessed a surge in whale activity over the past 24 hours, with approximately 835 billion tokens moving across exchanges. This massive transfer suggests active repositioning by large holders rather than liquidation.

The price of SHIB recently broke through key moving averages but faced resistance and profit-taking, consolidating near support levels. The ongoing large transfers imply that whales are either accumulating or redistributing their holdings, with the next price direction dependent on whether SHIB regains or loses these crucial averages.