Shiba Inu Experiences Surge in Whale Activity and Bullish Indicators

2025-12-10 08:16

Shiba Inu (SHIB) has witnessed significant whale activity, with 406 transfers exceeding $100,000 and a net increase of 1.06 trillion SHIB on exchanges, indicating strategic repositioning by large traders. The token has broken out of a falling wedge pattern, retesting the upper boundary at $0.00000883, while Taker Buy CVD data shows consistent buy-side absorption. Additionally, SHIB's burn rate has skyrocketed by over 1,244% in the past 24 hours, effectively reducing its circulating supply. Positive funding rates further reflect growing confidence among long traders, suggesting a supportive environment for potential upward momentum in SHIB's price.

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