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- Shiba Inu whales accumulated 631B+ SHIB in 3 days, signaling strong confidence despite ongoing price declines.
- Positive netflows and rising burn rates point to renewed bullish sentiment and a possible 136% SHIB price surge.
Large Shiba Inu holders are actively accumulating tokens despite the recent market decline. Over 631 billion SHIBs were purchased in just three days. Positive netflows indicate growing confidence from whales.
Meanwhile, burn activity and bullish forecasts continue to drive speculation about a potential price rebound.
Whale Accumulation Surges Despite Price Decline
Shiba Inu has been under consistent selling pressure since March 27. The token dropped 7.27% over the past week, including a 3.73% slide in the last 24 hours. It has seen four straight intraday losses and is on track for a fifth—its longest streak since January. Despite this, large holders have reversed their behavior and started accumulating SHIB again.
On March 26 and 27, these investors experienced high outflows. But the trend flipped starting March 28. On that day, whales—wallets holding at least 0.1% of SHIB’s circulating supply—added 165.51 billion SHIB.
The next day, March 29, they acquired an additional 148.6 billion tokens. The largest purchase occurred on March 30, when they amassed 317.63 billion SHIB. In total, these wallets gathered 631.74 billion SHIB worth over $7.58 million within 72 hours.
Netflows Turn Positive as Buying Intensifies
From March 28 to March 30, netflows for large SHIB wallets remained positive, a sign of inflows exceeding outflows. Outflows dropped while buying pressure gained momentum. IntoTheBlock data recorded net inflows of 276.28 billion SHIB, valued at $3.3 million. A major portion of these inflows—206.93 billion SHIB—was registered on March 30 alone.
The accumulation is not limited to major wallets. Smaller investors also appear to be adding to their positions. Wallets holding between 10 million and 100 billion SHIB, along with those owning 10 trillion to 100 trillion tokens, held a combined 266.36 trillion SHIB on March 28. By March 30, that balance rose by 240 billion SHIB to 266.6 trillion.
Bullish Sentiment Builds Around SHIB Price Forecasts
Shiba Inu currently trades near $0.00001201, down 43% year-to-date. Still, it has gained 16% since November 2024. Market analysts forecast a potential price jump driven by whale activity, burn rates, and technical patterns. A recent burn event destroyed over 1 billion tokens, reducing SHIB’s circulating supply.
World of Charts, a crypto analyst, projects that SHIB could double in value. As indicated in our recent analysis, the token could hit $0.0000340—a 136% surge—if bullish signals continue. The current setup points to a breakout from a descending channel, often considered a bullish technical pattern.
As covered by ETHNews, experts predict a 40% increase in SHIB’s price, potentially reaching $0.000019. The token must overcome resistance levels between $0.00001252 and $0.00001541. Analysts also mention the influence of broader market trends, especially Bitcoin’s movements and possible developments around the Shibarium upgrade.
