Leading meme coin Shiba Inu (SHIB) has experienced price growth over the past week, driven by accumulation by its large holders or whales. The coin's netflow of its large holders has increased by 16% in the past week, indicating that more tokens are flowing into the wallets of major investors. Additionally, the reduced selling activity in the general market and the negative Network Realized Profit/Loss metric suggests that many traders who sold their coins did so at a loss, deterring SHIB holders from selling and contributing to the price hike. The coin currently trades at $0.000022 and has the potential to breach resistance at $0.000026 and revisit its monthly high of $0.000033 if selling pressure remains minimal and whales continue to accumulate. However, if traders start to turn a profit and selling pressure strengthens, the coin could drop below $0.000021.



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