- SHIB whale activity surged 173%, totaling 1.31T SHIB worth $15.66M in one day.
- Price dropped 2.75% despite volume hitting 224B SHIB.
- The Karma system in testing aims to boost SHIB ecosystem engagement.
A trading activity surge followed after Shiba Inu (SHIB) recorded a daily volume of 224 billion SHIB. The trading volume spike happened alongside substantial whale transactions which hinted at a potential shift in short-term market sentiment.
Whale Surge Fails to Lift SHIB as Price Slips Despite $15.66M Inflows
Data from IntoTheBlock shows a notable increase in large-holder inflows, which jumped from 96 billion SHIB on April 13 to 224.34 billion SHIB on April 14. Large holder inflows generally refer to transfers of tokens into wallets that belong to entities holding significant portions of the token’s total supply. A rise in these transactions often indicates accumulation, suggesting that whales may be preparing for a price movement.
The market witnessed a 173% rise in large wallet activities which resulted in transactions totaling 1.31 trillion SHIB. The trades valued at $15.66 million demonstrate that high-value investors are returning their focus to the market. Big wallet movements exceeding $100,000 usually represent market preparation by whales for expected future price changes.
Despite high-value trades and rising trading volume Shiba Inu’s price fell by 2.75% in the earlier 24-hour period. The token could not surpass the $0.00001192 mark despite active trading and was unable to establish a positive price trend.
Investor Sentiment Remains Mixed Despite Increased Token Movement
Increased whale activity failed to trigger an immediate rise in price. SHIB price value continued to encounter resistance pressure close to $0.00001200. Traders maintain a cautious stance because the token’s price approaches the support threshold at $0.00001160.
Despite the recent spike in large transactions the cryptocurrency market has not experienced sustained growth in prices. The 24-hour trading volume experienced a 17.73% decline due to reduced retail engagement in response to recent market volatility. Market participants seem to be holding off until they receive more decisive technical indicators before they invest in new positions.
When whales become more active it shows that major investors are changing their portfolios. Broad market support and a fundamental catalyst are necessary to create significant immediate price effects but they are currently absent. A persistent price advance above $0.00001200 needs to occur for analysts to predict a future upward trend.
Ecosystem Updates Add Momentum to Long-Term Prospects
The development team behind Shiba Inu is working on expanding its ecosystem by adding features that may boost future SHIB token demand. The network-based Karma system which tracks user engagement now features among the latest updates. The system functions by distributing Karma points for ecosystem actions similar to gaming experience points.
SHIB developer Kaal Dhairya stated that the Karma system is still in its testing phase and will continue to receive improvements. The project aims to improve community engagement while motivating sustained participation from members. Developing ecosystem features will create new use cases and enhance the utility of tokens.
