Shiba Inu (SHIB) Price Prediction: What's Next for the Leading Meme Coin?

Shiba Inu (SHIB), the leading meme coin in the cryptocurrency world, has recently experienced a steady climb in price, fueled by increasing

Shiba Inu (SHIB) has seen a 16% rise in its large holders’ netflow over the past week, according to data from IntoTheBlock. These whale addresses, holding more than 0.1% of the meme coin’s circulating supply, saw more SHIB being added to their wallets than being sold. This played a crucial role in SHIB's price increase.

The large holders’ netflow showcases the balance between the SHIB bought and sold by these major holders over a specific period. An increase in the netflow indicates that more SHIB is being added to the wallets of these whales than being sold, signaling confidence in the asset’s future value.

This growing accumulation from whale addresses is a key driver behind SHIB’s recent price climb. As major investors continue to add to their holdings, it suggests a belief that Shiba Inu could see further upside potential, with minimal selling pressure from large holders.

Moreover, SHIB's price is positioned for potential further gains, as the coin aims for a monthly high. However, the meme coin's price is quite volatile and can fluctuate rapidly based on market sentiment and news.