Shiba Inu (SHIB) has witnessed a 70% jump in whale transactions. SHIB is currently trading at $0.00001268, which is a slight daily increase of 0.17% as per CoinMarketCap. The trading volume in the last 24 hours has surged by 16.71%, hitting $229.4 million, and its total market cap has climbed to $7.47 billion.
Data from Santiment confirms this showing a rise in whale movements within the Shiba Inu market. The number of large transactions worth over $100,000 has jumped sharply, especially during the price spikes seen in mid-May and July.
This shows that big investors are driving much of the market action. Besides, whales are holding more stablecoins than before, which means they’re keeping plenty of funds ready—possibly to buy more SHIB when the time feels right.
According to TradingView data, Shiba Inu is finding its footing with a slight upward push. The price inched up to $0.00001278, showing a small 0.16% rise in the latest session.
In addition, the Accumulation/Distribution Line settled around 199.61 trillion, hinting that buying activity is staying steady. The On-Balance Volume, now at 130.62 trillion, also points to a slow but clear recovery, suggesting that long-term investors are gradually stepping back into the market.
Analysts and community signal optimism
Analyst Shib Spain shared on X, “$SHIB is on the verge of a breakout—new all-time highs are on the way!” His chart pointed out SHIB’s rectangular consolidation range, hinting at accumulation before a potential upward move. The green arrow on his chart suggested a strong rally above $0.00001295, reflecting optimism among traders.
Notably, a Reddit user known as “an525” shared that they spent $1 million to buy 120 billion SHIB tokens. “I bought 120 billion SHIB as my final trade in this bull market,” the user wrote, earning plenty of praise and being called a “MIGHTY WARRIOR” by fellow Shiba Inu fans.
Big investors are stacking up more SHIB, trading activity is rising, and the charts look promising. If this momentum keeps up, Shiba Inu could soon break out of its quiet phase and start a fresh rally.
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