Teams Research

$SHIB (Shiba Inu) has experienced a notable surge in activity, driven primarily by the resurgence of large holders, commonly referred to as 'whales'. According to data from IntoTheBlock, the large transaction volume for SHIB has skyrocketed by 176% over the past 24 hours, coinciding with a substantial 15% price appreciation.In terms of raw numbers, SHIB's large transaction volume has ballooned by 176.29% in the last 24 hours, reaching a staggering 4.18 trillion SHIB, equivalent to $93.57 million. This significant increase in whale activity suggests that large holders are actively accumulating or rearranging their SHIB positions.

While the exact catalyst behind this uptick in whale activity remains unclear, it's possible that improving market sentiment across the broader cryptocurrency landscape is driving this trend. As SHIB continues to rebound from earlier losses, traders are now focused on whether the token can sustain its current price momentum.

Key levels to watch include resistance at $0.000015-$0.000019 and support at $0.000014. If the current trend persists, SHIB may target its next major hurdle. Conversely, a reversal could see the token retest intermediate support levels