SHIB Whales Strike Again: $40M in Tokens Bought Before a Potential 45% Rally

Omada Apeh
70 Views
7 Min Read

A recent accumulation of 1.93 trillion SHIB tokens by Shiba Inu whales has reignited market speculation around the token’s short-term recovery potential. This buying spree, which coincided with a broader market pullback, suggests a calculated move by large holders anticipating a rebound.

While the general market sentiment has remained cautiously bearish, on-chain data indicates that influential wallets are actively capitalizing on SHIB’s discounted price. This development is not only notable in volume but also in timing. As retail interest wanes and prices stagnate, whale activity often serves as a leading indicator of upcoming price action.

Inside the Whale Wallet Moves: A Breakdown

According to on-chain tracker IntoTheBlock, Shiba Inu whale transactions involving  have risen sharply in the last 72 hours, marking one of the most active accumulation phases since April. The aggregated purchase of 1.93 trillion SHIB, worth over $40 million at current valuation was executed by wallets holding more than 100 billion tokens.

This buying cluster coincided with a 7.2% dip in SHIB’s price, which many analysts considered a short-term correction after its March rally. Historical behavior suggests that these Shiba Inu whales are often early to accumulate before major announcements or a bullish trend reversal.

Notably, this pattern mirrors similar accumulations in late 2023, right before SHIB surged by over 30%. While past behavior isn’t a guarantee of future movement, the correlation has grown strong enough to draw renewed trader attention.

Shiba Inu whales
Shiba Inu Whales Accumulation

Price Outlook: What the Charts Are Saying

Currently, Shiba Inu trades at $0.00001307, up 2.88% in the last 24hrs. Price analysis shows that SHIB is hovering near a descending trendline with limited downside volatility, a behavior often observed before short-term breakouts. The daily RSI for SHIB dipped near 38 before bouncing back, hinting at an oversold condition. Combined with whale inflows and steady Shibarium gas usage, this provides bullish divergence on technical charts.

Moreover, data from Santiment suggests that social volume and sentiment for SHIB have remained surprisingly resilient. Even as prices stagnated, social dominance, SHIB’s share of total crypto-related discussions, held steady, indicating that retail engagement hasn’t faded. When whale accumulation coincides with rising on-chain utility and stable community chatter, price resilience often follows.

Historically, whale purchases of over 1 trillion SHIB have been precursors to short-to-mid-term gains, with past instances seeing SHIB rally between 20% to 45% within weeks. If that pattern holds, this recent Shiba Inu whale accumulation could be signaling a move back toward $0.000025–$0.00003.

SHIB’s Fundamentals: A Mixed Bag for Retail Traders

Despite the aggressive whale entries, retail traders remain skeptical. One key reason is SHIB’s lack of immediate utility updates or significant burns in recent weeks. Shibarium, the project’s layer-2 network, has shown steady progress, but no explosive traction. The daily burn rate, while consistent, hasn’t accelerated enough to significantly impact SHIB’s vast circulating supply.

However, analysts argue that this lull in retail activity may be exactly what whales look for, buying during peak fear and disinterest, a strategy that often aligns with optimal entry zones.

Shiba Inu Whales Accumulation
Shiba Inu Whales Accumulation

Crypto analysts noted that when whales accumulate during dips, it’s rarely random. They’re betting on either an event or a price recovery. Retail panic creates opportunity for the patient and well-funded.

Conclusion: A Calculated Bet on SHIB’s Resilience

The recent Shiba Inu whale accumulation sends a strong signal that deep-pocketed investors believe in the meme coin’s recovery potential. Whether this is a short-term opportunistic buy or the foundation of a broader rally depends on continued support from Shibarium activity, technical resilience, and community sentiment.

For now, the sheer scale of whale accumulation, nearly 2 trillion SHIB tokens, should not be ignored. It’s a bold bet on the return of momentum to one of crypto’s most unpredictable assets.

Follow us on Twitter and LinkedIn, and join our Telegram channel.

FAQs

What triggered the recent Shiba Inu whale accumulation?

Whales purchased 1.93 trillion SHIB during a price dip, likely viewing it as a long-term accumulation opportunity amid broader market weakness.

Could SHIB’s price recover in the short term?

If historical patterns hold, SHIB could rebound 20–45% in the coming weeks. However, external factors like BTC price movement and macro data remain influential.

How does Shibarium impact SHIB’s price?

Shibarium drives SHIB burns through Layer-2 activity, reducing supply. Increased on-chain usage strengthens long-term price fundamentals.

Is this the right time for retail investors to buy SHIB?

While whales are accumulating, retail investors should consider volatility and perform due diligence. This isn’t financial advice.

What are experts saying about this whale activity?

Analysts view the buying as calculated, driven by technical and sentiment-based triggers rather than blind speculation.

Glossary

Shiba Inu (SHIB): A meme-based cryptocurrency built on Ethereum, initially launched as a Dogecoin competitor.

Whales: Investors or entities holding large amounts of a particular cryptocurrency.

Accumulation: The process of acquiring large quantities of a token, typically viewed as a bullish signal.

Shibarium: A Layer-2 blockchain developed for SHIB, aiming to reduce gas fees and increase transaction speed.

RSI (Relative Strength Index): A momentum indicator used in technical analysis to identify overbought or oversold conditions.

Sources

Ambcrypto

Investx

Disclaimer

The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.

You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.

Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Share This Article
Follow:
Omada is an experienced crypto journalist delivering in-depth analysis and insights on the ever-evolving world of cryptocurrency and blockchain. Her expertise spans market trends, regulatory developments, and innovative use cases. She is dedicated to providing accurate and engaging content for crypto enthusiasts and newcomers alike.
Leave a Comment