The post 120,000,000,000,000 Shiba Inu (SHIB): Whales Taking Full Control appeared on BitcoinEthereumNews.com.

  With new on-chain data showing that whales have started to increase their control over the token’s supply, Shiba Inu has entered a crucial stage. Recent statistics show that just 46 high-activity addresses currently hold over 120 trillion SHIB, or about 12.3% of the total supply in circulation. This type of concentration is rarely harmless; instead it usually marks the beginning of a significant price shift in one direction or another. Technically, SHIB has been unable to break out of a multi-month downward trend, continually falling short of breaking above its 200-day moving average, which is currently at around $0.0000145. SHIB returned below $0.0000135 after a brief price surge through this important resistance last week that was swiftly rejected. This rejection highlights the amount of overhead supply that is still available as sellers are still keen to profit from any attempts at a rally. SHIB/USDT Chart by TradingView The good news is that large holder inflows have skyrocketed in the last seven days (+538%), which is a dramatic increase in whale accumulation in stark contrast to the 32% drop over the previous month. Outflows, on the other hand, have increased by more than 6,000% in a single week, but are still down 86% month over month, indicating that many big players are shifting positions rather than stopping completely. You Might Also Like Abrupt reversals in this high-stakes volatile environment is the main risk factor at this point in time. Two price levels are particularly crucial for traders. In June, the first one — the $0.0000120-$0.0000123 range — offered strong support. A clear break below this region would probably signal the start of a more significant correction in the direction of $0.0000100. Returning and holding above $0.0000145 could, on the plus side, lead to a squeeze toward the psychologically crucial $0.0000200…

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Filed under: News - @ July 13, 2025 10:27 am