The post Will Shiba Inu (SHIB) Price Lose A Zero After 2,952% Surge In Whale Inflows? appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) has drawn attention after a sharp rise in whale inflows, price movement, and token burns. On May 7, whale inflows jumped by 2,952%, raising market speculation about SHIB possibly deleting a zero. At the same time, its price saw an 12% weekly increase, while the burn rate surged by over 4,800%. These developments have led to growing interest in SHIB’s future price movement. Shiba Inu Whale Inflows Rise as Accumulation Grows Data from IntoTheBlock shows that Shiba Inu whale inflows rose from 238.91 billion SHIB to 6.42 trillion SHIB on May 7. These large wallets are usually linked to high-net-worth investors or institutions. When inflows into such wallets grow, it suggests possible accumulation. The following day, May 8, net inflows to these wallets reached 6.21 trillion SHIB, rising from 132.54 billion SHIB. This increase of over 6,050% in netflows may point to more whales increasing their holdings. Whale activity often increases when prices pull back and traders seek long-term storage. This pattern may indicate growing confidence among these holders. Historically, whale accumulation has been followed by strong price action in crypto markets. However, analysts are watching whether these flows will continue or reverse. Shiba Inu Price Movement and Technical Indicators The SHIB price moved up from $0.00001274 to an intraday high of $0.00001408 on May 8. At the time of reporting, it trades near $0.00001500, which is about 11% higher than the previous level. This upward move also comes as the broader crypto market rises, led by Bitcoin nearing $102,000. The SHIB price stayed near the 50-day Simple Moving Average (SMA) before its recent rise. If the price holds above this SMA, it may turn into support. The 200-day SMA sits at $0.00001265, which traders are also watching as a key level. If the price breaks past…

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Filed under: News - @ May 10, 2025 4:23 am