Recent data highlights a significant uptick in Shiba Inu (CRYPTO:SHIB) whale activity, potentially signaling an upcoming upward movement for the cryptocurrency.

Over the past several days, transactions by these major players have seen a remarkable 340% increase in volume.

Currently, SHIB is trading below the $0.00003 mark, establishing a new support level, which is crucial for its market position.

This surge in whale transactions suggests growing interest and possibly increased investment in Shiba Inu, hinting at a positive future trend.