- An impressive Shiba Inu whale has acquired 220 billion tokens valued at $4.63 million.
- SHIB has experienced a 4.47% surge in the last 24 hours.
Shiba Inu [SHIB] has kicked off 2025 on a positive note. Since New Year’s Eve, the memecoin has surged from $0.000020 to a peak of $0.000022, marking a 10% increase over three days.
This upward trend is also reflected in daily charts, with Shiba Inu currently trading at $0.00002208, showing a 4.47% increase in the past day.
Prior to these recent gains, SHIB had been on a downward trend, dropping by 25.50% on monthly charts.
The recent momentum has sparked discussions on the factors driving this surge. Analysts point to increased whale accumulation as a significant factor behind the recent uptrend.
Shiba Inu Whale Acquires 220B Tokens
According to Lookonchain, Shiba Inu whales have been actively accumulating the memecoin. In the past day alone, a whale withdrew 220 billion SHIB tokens, valued at $4.63 million at the current time.
This particular whale had been inactive for the past five months.
Source: Santiment
This whale accumulation is part of a broader trend, with whales accumulating the memecoin over the past week. During this period, whales have increased their holdings by 2.32 trillion tokens, as reported by Santiment.
Source: Santiment
This trend of accumulation is evident in the decreased transfers into exchanges, with SHIB’s exchange outflow spiking over the past week and the exchange balance turning negative.
When whales engage in accumulation, it reflects their confidence in the market, as they see the recent dip as a buying opportunity for potential gains.
Is SHIB Poised for a Price Recovery?
The increased whale activity has had a positive impact on SHIB, with strong buying pressure and upward momentum currently observed.
Source: TradingView
This buying pressure and upward momentum are confirmed by bullish crossovers on RSI and Stoch indicators, indicating strong buying pressure and the building of upward momentum.
Source: Santiment
Furthermore, Shiba Inu’s token supply has decreased as tokens are being transferred to private wallets, shifting from oversupply to increased scarcity, as shown by a rising stock-to-flow ratio.
With these bullish sentiments and upward momentum, investors are capitalizing on the recent dip to accumulate SHIB tokens.
Read Shiba Inu’s [SHIB] Price Prediction 2025-2026
With favorable conditions in place, SHIB could see further gains. If this positive sentiment continues, SHIB may reach $0.000023, with a breakout potentially pushing it to $0.000026. However, failure to sustain the current momentum could lead to a drop to $0.000020.
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