The post Is a Huge Rally Coming After 249% On-Chain Spike? appeared on BitcoinEthereumNews.com.

The broader cryptocurrency market is experiencing relative stability despite heightened geopolitical tensions overseas. While Bitcoin sees minor fluctuations—hovering down around 0.5% on the day—most major cryptocurrencies remain relatively flat. Amid this calm, Shiba Inu stands out with an impressive 3% intraday gain, outperforming many assets in both the meme coin sector and the larger crypto market. One of the key drivers behind Shiba Inu’s surge appears to be a significant uptick in whale activity. According to on-chain data from IntoTheBlock, large transaction volume for $SHIB has skyrocketed by 249% over the past 24 hours, reaching approximately $62 million, or 3.36 trillion $SHIB tokens. These large transactions, typically involving over $100,000, often signal renewed interest from institutional investors or major holders. After several quiet weeks with little whale movement, this sudden spike suggests that accumulation may be underway, possibly setting the stage for a future price breakout. Historically, whale accumulation during periods of low prices often precedes significant upward momentum, as it indicates growing confidence among the market’s largest players. Source – ClayBro on YouTube Shiba Inu Price Prediction Following a recent pullback from highs of $0.00001362, Shiba Inu tested support levels around $0.0000114 during a three-day selloff. However, the current recovery has brought the price back to $0.00001219. This rebound from recent lows demonstrates resilience within the $SHIB market, even as Bitcoin remains slightly down on the day. The current support zone around $0.0000115 has held firm, providing a foundation for the recent upward movement. The broader direction of Shiba Inu, however, remains closely tied to Bitcoin’s performance, which continues to exert strong influence across the cryptocurrency landscape. Solaxy Approaches Final Presale Phase With Full Network Launch Scheduled Soon Meanwhile, attention also turns to Solaxy (SOLX), which is generating growing interest as its initial coin offering nears completion. With just…

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Filed under: News - @ June 15, 2025 6:06 am