SHIB Whales Sell $6.05M But Accumulate 400B Amid Rising Burn Rate

Shiba Inu (SHIB) is witnessing a critical phase as one of its earliest whales recently executed a $6.05 million sell-off, dumping 250 billion tokens. This whale originally acquired over 15 trillion SHIB in 2020 for $3,800, a position that once reached a valuation of $1.2 billion during SHIB’s peak. Despite this large-scale sell, the whale still holds over 2 trillion SHIB, now valued at $52 million, with total profits from this trade reaching $109 million [1].

However, what has drawn more attention is the simultaneous accumulation by major holders. Over 400 billion SHIB tokens were moved to Gemini, a move that initially seemed bearish but is now being interpreted as a strategic buildup [1]. On-chain data suggests that whale activity during price dips has historically acted as a precursor to rebounds. The fact that large investors are buying while retail sentiment weakens may indicate they are positioning for a longer-term move [1].

The bearish sentiment is also evident in the price action. SHIB has dropped about 10% in recent days, and the token has slipped below the middle Bollinger Band, currently trading near the lower band and suggesting it is in or approaching oversold territory. Over the past ten sessions, red Heikin Ashi candles have dominated, but they are shrinking in size, signaling waning bearish momentum [1].

Crucially, token burning has continued. More than 13 million SHIB tokens have been burned recently, contributing to a steady reduction in circulating supply. With whales also accumulating and reducing exchange-based supply, the market is setting up conditions for potential upward pressure. Analysts have highlighted that shrinking supply in combination with consistent accumulation often leads to price squeezes [1].

Looking further into whale activity, a surge of 8,866% in movement was recorded, with 798 billion SHIB tokens moving within 24 hours, yet the price remained stable [7]. This suggests that large players are actively managing their positions without immediately influencing the broader market. The on-chain dynamics remain complex: while institutional actors are building positions, the retail crowd appears uncertain, with the price currently hovering between $0.00001100 and $0.00001300 [1][7].

The burn rate remains a key factor. A 16,700% surge in burning activity in a single report indicates a deliberate effort to reduce supply and enhance scarcity. This trend, combined with whale accumulation and reduced exchange supply, could signal that SHIB is preparing for a potential reversal [4][6].

Despite the uncertainty, some analysts have offered long-term forecasts. A projection from CoinStats suggests SHIB could rise 50 times to $0.00068 by 2030, potentially turning a $10,000 investment into $500,000. This prediction is based on ongoing utility upgrades and a robust token burn strategy [8]. However, it should be noted that these are speculative forecasts and not indicative of current market conditions [8].

In the short term, the price may remain range-bound between $0.00001100 and $0.00001300. A breakout above the 20-day moving average and the middle Bollinger Band would signal a shift in momentum. If accumulation persists and demand increases, particularly from retail investors, a faster recovery to $0.00001600 and beyond could be on the horizon [1].

The market is at a critical juncture. SHIB’s fundamentals—strong burn rate and ongoing utility development—support a long-term case for value. However, the recent whale movements and price volatility reflect the uncertainty investors are facing in the near term. As the market continues to digest these signals, the next few weeks may offer clarity on whether SHIB is preparing for a sustained rebound or merely a short-term consolidation [1][4][7].

Source: [1] Shiba Inu Whale Just Sold Millions: But Is a Price Surge Coming? (https://cryptoticker.io/en/shiba-inu-whale-just-sold-millions-but-is-a-price-surge-coming/)

[4] Whale Investors Buy 400B SHIB Amid 10% Price Drop and Rising Burn Rate (https://www.ainvest.com/news/whale-investors-buy-400b-shib-10-price-drop-rising-burn-rate-2508/)

[7] Whale Activity Soars 8866%, But SHIB Price Holds Ground (https://www.xt.com/en/blog/post/whale-activity-soars-8866-but-shib-price-holds-ground)

[8] New Prediction Shows Shiba Inu (SHIB) Could Turn $10,000 Into $500,000 by 2030 (https://coinstats.app/news/deea9ba91712d3281bb5089a08a46b286008f68a255fe5d55c5db141c97c2eb6_New-Prediction-Shows-Shiba-Inu-(SHIB)-Could-Turn-%2410%2C000-Into-%24500%2C000-by-2030%2C-One-SHIB-Rival-Might-Do-It-By-2026/)