SHIB Whales Surge 870% as Price Breaks $0.00001242 Amid $3.4M Exchange Outflow

Recent activity in the Shiba Inu (SHIB) ecosystem has sparked renewed interest among investors, particularly due to significant whale movements that suggest strategic accumulation or distribution patterns. Whale transactions—defined as large transfers of SHIB—experienced a sharp 870% surge on August 3, coinciding with a price breakout above $0.00001242 and a $3.4 million outflow from exchanges, signaling potential long-term positioning [1]. This activity has led to speculation that large investors are preparing for a potential price rebound, especially if SHIB manages to break past the $0.0000171 resistance level and reach as high as $0.0000239, a level representing a 90% upside [2].

Despite these bullish signs, the market recently experienced a dramatic reversal. On July 18, whale activity across transactions valued between $1 million and $10 million dropped by 100%, indicating a near-complete withdrawal by major holders [1]. This exit coincided with a 16.388% price decline in early August 2025, exacerbating downward pressure as both institutional and retail demand waned. The lack of commentary from Shiba Inu’s lead figure, Shytoshi Kusama, further deepened the uncertainty among investors during this period [1].

The broader market trend has also shifted away from speculative tokens like SHIB. Traders have increasingly moved their capital toward utility-driven assets, particularly within the PayFi and cross-border transaction spaces, as the appeal of meme-based projects has waned [2]. This shift reflects a broader risk-off sentiment and a preference for projects offering tangible use cases, rather than relying on social media-driven hype.

Some market observers have speculated that SHIB whales are accumulating 400 billion tokens, potentially signaling a bottoming process. However, these claims remain unverified and not supported by on-chain data [2]. Analysts have emphasized that any meaningful recovery in SHIB’s price would likely depend on external factors—such as macroeconomic or regulatory developments—rather than internal market dynamics [3].

SHIB is currently trading near its 10-day and 100-day moving averages, with a Relative Strength Index (RSI) of 37.35, suggesting it is not in overbought territory and may still attract buyers [1]. The next immediate resistance level is at $0.00001549, and a successful breakout could open the door to a 30% price increase from current levels.

With whale behavior fluctuating between accumulation and withdrawal and leadership remaining silent, the coming weeks will be critical in determining SHIB’s trajectory. In a market environment increasingly hostile to speculative assets, SHIB’s ability to stabilize and regain investor confidence will depend on both technical performance and broader sentiment shifts.

Sources:

[1] Shiba Inu: Whale Movements Amid 4 Trillion SHIB Futures ... (https://www.eblockmedia.com/news/articleView.html?idxno=25166)

[2] Crypto Market Pullback Sees Traders Dump DOGE And ... (https://blockchainreporter.net/crypto-market-pullback-sees-traders-dump-doge-and-shib-for-this-rising-payfi-ecosystem-coin/)

[3] Analyst Predicts Recovery as Whales Purchase 400B SHIB ... (https://m.facebook.com/manuel.guevarra.369210/photos/shiba-inu-price-prediction-analyst-predicts-recovery-as-whales-purchase-400b-shi/735575212689023/)