Shiba Inu Whales Accumulate 1.3 Trillion SHIB Amid 11% Weekly Decline

Shiba Inu, a popular memecoin, has recently seen significant activity from its largest holders. On June 19, wallets controlling at least 0.1% of the supply accumulated approximately 1.3 trillion SHIB in a single day, marking the heaviest whale inflow for the month. This substantial buying spree occurred while SHIB was trading at around $0.0000108 on June 23, which was an 11% decrease for the week. Despite this weekly decline, the daily trading volume exceeded $265 million, indicating that major investors are finding value near the $0.000011 price point.

Analysts are closely monitoring a potential double-bottom pattern that has been developing since April. A double bottom forms when sellers fail to break through the same support level twice, often leading to a rebound as downward momentum weakens. If SHIB successfully defends the $0.0000113 support level and subsequently surpasses the neckline at $0.0000173, the measured-move target could reach $0.000033, representing a potential 194% rally from the current price. Short-term models suggest that SHIB could reach $0.000012 by June 26, but any close below the support level would invalidate this bullish setup. While whale demand and a bullish chart pattern improve the odds of a price increase, they do not guarantee it.

While the focus is on SHIB, another memecoin, Angry Pepe Fork (APORK), is gaining traction. This frog-themed token is attracting early-stage capital with a presale that started at $0.0269 per token. The presale has already raised approximately $244,562.34 out of the $893,408 first-stage target, with ten days remaining before the price increases. The total supply is capped at $1.9 billion, with only 380 million tokens (20%) available for sale, making it a true micro-cap memecoin. Early contributors receive tiered bonuses ranging from 5% to 20%, and the roadmap includes bridges to Ethereum, BNB Chain, and Solana, promising wider liquidity and lower fees once trading begins.

APORK differentiates itself by incorporating several value-adding features. The CommunityFi model rewards users with micro-payments in APORK for activities that drive new traffic, such as tweeting, creating videos, or referring new users. Additionally, the GambleFi feature includes an on-chain arcade where players can wager tokens for jackpots, with a portion of each pot automatically burned to reduce the supply. Purchasers can also stake their tokens for yields exceeding 10,000% APY, although rates decrease as the pool fills and after the launch. With a fixed supply, routine burns, paid engagement, and staking lock-ups, APORK aims to create multiple demand loops that many older memecoins lack.

Both SHIB and APORK represent the speculative nature of the memecoin market, where volatility can lead to significant price swings in either direction. SHIB's whale accumulation and supportive chart structure provide a credible path to recovery, provided it breaks through the $0.0000173 neckline. In contrast, APORK is designed to incorporate virality, earning potential, and deflationary mechanisms from its inception, positioning it as a unique contender in the memecoin space.