Shiba Inu (SHIB) Shows Potential for Short-Term Upside Amid Whale Inflows and Burn Spikes Despite Network Risks
The post Shiba Inu (SHIB) Shows Potential for Short-Term Upside Amid Whale Inflows and Burn Spikes Despite Network Risks appeared on BitcoinEthereumNews.com.
Shiba Inu (SHIB) is gaining traction with significant whale inflows, aggressive token burns, and a promising falling wedge pattern signaling potential bullish momentum. Despite a surge in speculative trading and token velocity, network growth remains subdued, raising questions about the sustainability of SHIB’s recent rally. According to COINOTAG, “The smart contract upgrades and multi-gas token support have reignited investor interest, positioning SHIB for a possible breakout if on-chain activity aligns with market optimism.” Shiba Inu’s recent whale inflows, token burns, and technical setup suggest bullish potential, but subdued network growth and high NVT ratio warrant cautious optimism. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Shiba Inu’s Whale Inflows and Token Burns Signal Renewed Investor Interest Shiba Inu has experienced a dramatic increase in whale inflows, surging by over 6,300% following the Shibarium upgrade, which introduced multi-gas token support and enhanced smart contract functionality. This influx of large holders coincides with a spike in futures trading volume, particularly on Gate.io, where volumes surpassed $147 million. Such activity indicates renewed confidence from sophisticated investors, potentially setting the stage for a bullish phase. Complementing this, token burns have accelerated sharply, with over 1.19 billion SHIB tokens burned in the past week—a 1,499% increase. The 24-hour burn rate also rose by 958%, reflecting heightened on-chain activity and increased token velocity. While this could be driven by speculative trading and arbitrage, sustained burn…
Filed under: News - @ June 19, 2025 9:23 am