Recent data from market intelligence firm Santiment suggests that Shiba Inu (SHIB), a competitor of Dogecoin (DOGE), could experience a significant surge as whale activity surrounding the meme asset increases.
In their latest analysis, Santiment indicates that historically, large investors engaging in transactions worth over $100,000 have often preceded peaks in the prices of digital assets.
“Historical data shows that substantial increases in $100,000 whale transactions frequently occur just before price peaks. A notable instance occurred in December 2017, when Bitcoin reached nearly $20,000 for the first time. On December 13, 2017, the number of whale transactions surged to a record-breaking 62,317 in a single day, signaling significant profit-taking by major investors.”
While this pattern could signal an impending price crash after a surge, Santiment points out that whale activity doesn’t always result in a downturn, as high-net-worth investors often buy during market dips rather than sell.
“Whale transactions can sometimes indicate price bottoms, as whales exhibit accumulation behavior. One such instance occurred after the market crash in early May 2021. While many retail traders panicked following a ~45% drop in Bitcoin between May 8 and May 18, 2021, Santiment data revealed sudden spikes in whale activity. Instead of selling, whales were buying the dip.”
The crypto analytics firm further suggests that SHIB is currently experiencing a rally driven by whale activity.
“Despite being overshadowed by Dogecoin and other speculative assets, the second-largest meme coin, Shiba Inu, saw a significant spike of 527 whale transactions on June 5, 2025, the largest in five months. Since then, the coin’s market value has increased by 10%. Given the historical correlation between whale activity spikes and price rallies during market dips, this could indicate the start of a new upward trend.”
As of the time of writing, SHIB is trading at $0.000012, reflecting a 5.5% decrease for the day.
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