Shiba Inu (SHIB) has stabilized at a key support level, with whale holdings surging by 85% over the past month to exceed 100.5 billion tokens. This increase in large-scale holdings suggests strong confidence in a potential price rebound. Meanwhile, exchange balances have decreased to 283 trillion tokens, indicating a tightening market supply.
Technical analysis points to a possible 25% price rally towards $0.00001490 if the current support level holds. Additionally, market speculation around the potential approval of a spot SHIB ETF could further attract institutional demand, potentially boosting SHIB's market performance.
Shiba Inu Stabilizes as Whale Holdings Increase by 85%
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