Shiba Inu Investor Shift

Shiba Inu is experiencing a notable shift in its investor base, with long-term holders or ‘whales’ reinvesting. Recent on-chain data indicates a 5.62% increase in addresses that have held SHIB for over a year.

Despite the asset’s poor recent price performance, this trend suggests increased confidence among experienced market participants. The daily chart displays a consolidation phase for the SHIB/USDT pair, hovering near the critical support level of $0.00001200. The asset’s trading below key moving averages such as the 50, 100, and 200 EMAs signals that broader market conditions remain bearish.

However, the emergence of higher lows hints at potential upward momentum. While the number of short- and medium-term investors is declining, long-term holders are increasing. Specifically, traders holding SHIB for less than a month have seen a decline of -4.79%, while those who have held for one to twelve months experienced a more significant drop of -18.82%.

This divergence suggests waning speculative interest and the growing presence of patient capital with longer investment horizons. Such ‘whale’ activity often indicates forthcoming significant market movements, particularly during low volatility and negative sentiment periods.

The increase in one-year holders may signal an imminent breakout, especially as SHIB forms a descending triangle. A successful breach above $0.00001426 could trigger a bullish response and negate the current downward trend.

In summary, the resurgence of whale activity may reflect renewed confidence in SHIB’s long-term prospects, even as short-term price action faces pressure. Prospects for a more substantial recovery could materialize if the accumulation trend continues.