Shiba Inu Price Eyes Potential Surge as Whales Move 1.6 Trillion SHIB Tokens
Highlights
- Over 1.6 trillion SHIB tokens worth $39 million transferred from Crypto.com to private wallets, signaling potential whale accumulation.
- SHIB forms a bullish cup-and-handle pattern on the weekly chart, with projections of a surge to $0.000066651.
- Analyst Javon Marks predicts a potential rise to $0.000155 during the current bull cycle after breaking the $0.00002 resistance level.
Shiba Inu (SHIB) has captured market attention as large transactions involving the meme coin were detected. According to Whale Alert, more than 1.6 trillion SHIB tokens—valued at $39 million—were moved from Crypto.com to anonymous wallets, hinting at significant whale activity.
Whale Activity Points to Accumulation
In the past 24 hours, several large SHIB transactions have been recorded, the largest being the transfer of 1.6 trillion SHIB tokens. The shift of funds from centralized exchanges to private wallets often signals accumulation by major investors. This comes amid growing anticipation surrounding the launch of the Treat Token, which could contribute to a new all-time high for SHIB.
Such significant whale movements are often interpreted as a bullish signal, reflecting investor confidence. Despite this, SHIB’s price has declined by 9% in the past 24 hours to $0.00002196, although trading volume surged by 39%, indicating heightened market activity.
Increased Whale Inflows Indicate Strong Interest
Data from IntoTheBlock’s Large Holders Inflow indicator shows that wallets holding at least 0.1% of SHIB’s supply recorded an inflow of 492.81 billion SHIB during the same period. Meanwhile, outflows from these wallets decreased to 382.94 billion SHIB, resulting in a net gain of 109.87 billion SHIB.
This increase in whale holdings has fueled speculation about a potential SHIB price rally, as such activity often precedes significant price shifts. However, some market analysts remain skeptical about the possibility of SHIB ever reaching $1.
Bullish Technical Patterns Support Recovery Outlook
Technical analysis suggests that Shiba Inu’s price could be poised for a breakout. The weekly chart shows a cup-and-handle formation—a bullish pattern indicating potential upward momentum. One analyst, known as “Strong,” estimates that SHIB could reach $0.000066651 if it breaks key resistance levels.
SHIB previously demonstrated resilience when its price recovered to $0.00003329 in December before correcting to $0.0000186. The token has also maintained its position as the largest ERC-20 token by market capitalization, reinforcing its growth potential.
Bull Market Predictions
Crypto analyst Javon Marks predicts that SHIB’s recent break above a long-term resistance trendline opens the door for further gains in 2025, with a potential short-term target of $0.000081. He places the potential bull market peak at $0.000155.
Conversely, analyst Rose Premium highlighted a descending channel on the daily chart, projecting possible price targets of $0.00003236, $0.00003870, and $0.00004349 if the upward trend continues.
The movements of SHIB whales, combined with positive technical indicators, suggest a potential price surge, although the market remains volatile and highly influenced by investor sentiment and external market factors.
