Shiba Inu (SHIB) whales appear to be in a risk-off mode ahead of the pivotal U.S. inflation data, which is likely to show a renewed uptick due to U.S.
Shiba Inu (SHIB) whales appear to be in a risk-off mode ahead of the pivotal U.S. inflation data, which is likely to show a renewed uptick due to U.S. President Donald Trumps tariffs.
Major whale transactions exceeding $100,000 have crashed by 91.5% over the past four days, shifting market control from institutional to retail investors, according to CoinDesks AI insights.
Prices, however, have raised bulls hopes, topping key resistance at 0.0000133 with a massive 975 billion volume spike. The cryptocurrency has also moved above the widely-watched 100-day simple moving average (SMA).
Additionally, a record 1.5 million wallets now hold SHIB tokens, representing 0.011% of the global population, a sign of accelerated community growth.
Key technical insights
Focus on U.S. inflation
According to FactSet, the median year-over-year estimate for the consumer price index for May is 2.5%, an increase from Aprils 2.3% rise.
If the data matches estimates, it will be the first increase in the number compared to the previous month since January 2025, validating the Federal Reserves wait-and-see, data-dependent stance.
That said, the tariff-led upswing in inflation has been discussed in markets for some time, and the confirmation may not come as a shock to the market. In other words, dips could be short-lived.
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