Shiba Inu Whales Buy $35 Million Worth of SHIB Amid Price Dip – Is a Rally Imminent?

Recent on-chain data indicates a significant surge in Shiba Inu (SHIB) whale activity. According to cryptocurrency analysis firm LookOnChain, two Shiba Inu (SHIB) whales spent $35.2 million to buy 1.356 trillion SHIB tokens, capitalizing on a recent price dip. The whales used nine different…

Why Are Shiba Inu Whales Accumulating SHIB?

Crypto whales have launched a Shiba Inu (SHIB) buying spree, pumping millions of dollars into the memecoin ecosystem. Blockchain analytics platform Lookonchain observed the substantial accumulation, raising questions about the future direction of SHIB. This massive purchase suggests strong confidence in the long-term potential of Shiba Inu.

Shiba Inu Price Analysis: Bouncing Off Support and Potential Breakout

Shiba Inu recently experienced a significant price movement, bouncing off a crucial support level at $0. , largely driven by whale activity. However, in the last year, Shiba Inu price has been showing signs of breaking out. In 2025, it broke resistance at $0. , and it is now attempting to convert this resistance into support. This bullish sign, coupled with the recent whale activity, indicates a possible uptrend for SHIB.

What Does This Mean for Shiba Inu Holders?

The combined effect of significant whale investment and positive price action suggests a potentially bullish outlook for Shiba Inu. Keep an eye on key resistance levels and follow on-chain data to stay informed about future whale activity. This could be a pivotal moment for SHIB investors.