Citing AMBCrypto, Shiba Inu (SHIB) recorded 406 whale transfers above $100k and a net increase of 1.06 trillion SHIB on exchanges, signaling repositioning by large traders. The token broke out of a falling wedge and retested the upper boundary at $0.00000883, with Taker Buy CVD showing consistent buy-side absorption. SHIB’s burn rate surged by over 1,244% in 24 hours, reducing circulating supply. Funding rates turned positive, indicating growing conviction among long traders. These combined signals suggest a supportive structure for SHIB’s potential momentum extension.
Shiba Inu Sees Strong Whale Activity and Bullish Technical Setup
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