Shiba Inu Drops 3.742% Amid Whale Activity and Technical Signals

Shiba Inu's latest price was $0.00001142, down 3.742% in the last 24 hours. The cryptocurrency has recently garnered attention due to significant whale activity and technical signals, which have sparked speculation about a potential price surge. Large holders have accumulated over 10 trillion SHIB tokens, aligning with a bullish crossover on the hourly chart. This golden cross, where the 50-period moving average is above the 200-period average, is closely watched by traders as an early indication of a price increase.

Whale interest has intensified as SHIB approaches key support levels, recently reaching the $0.00001145 mark. If this support holds, it could serve as a starting point for additional gains. However, the asset is currently struggling to clear resistance between $0.00001180 and $0.00001185. A confirmed move above $0.00001190 may open the path toward the $0.00001220 area, which traders are closely monitoring.

On-chain information indicates that the trade volume has increased significantly, suggesting increased market involvement. Such activity is crucial for tokens like SHIB, which rely on speculative and retail dynamism to gain momentum. A post by @radobig5 on X indicates that Shiba Inu is recovering after experiencing a 16-month low, with whales buying 10.4 trillion SHIB tokens. The update also pointed to the SHIB rally and high-volume surge, followed by a slight decline. Although the headline breakout is still to take place entirely, the technical indicators and whale support are improving the prospects of SHIB. Traders are being watchful and cautious at the same time since the meme token may reveal initial signs of a potential rally.

The Shiba Inu ecosystem witnessed significant whale activity in late June 2025, with large holders accumulating over 10.4 trillion SHIB tokens. This represented the largest daily addition reported in five months, indicating a potential strategic positioning by major players within the asset's market structure. This accumulation occurred during a period where the asset faced general market pressures, leading to notable shifts in token holdings among its largest investors.

During this time, the official Shiba Inu team actively engaged the community via social media. In a recent tweet, they emphasized the project's impact, stating that SHIB was not merely a viral sensation in the cryptocurrency space but fundamentally altered the landscape. This communication underscored the team's perspective on the project's broader significance beyond typical market fluctuations.

Despite facing challenging market conditions alongside many other cryptocurrencies throughout the latter half of the previous month, Shiba Inu showed signs of attempting to stabilize its position. This struggle for stability reflected the asset's characteristic volatility, while the significant accumulation by whales suggested underlying interest from major holders despite broader market sentiment. The activity highlighted ongoing dynamics surrounding the asset within the complex digital currency ecosystem.

Scottie Pippen, a prominent figure in the sports world, has publicly endorsed Shiba Inu as a top altcoin choice for the upcoming 2025 bull market. His comments, shared on Twitter, aim to ignite interest in the cryptocurrency community without involving project development or financial backing. Pippen's endorsement signals potential increased trade activity, but fundamental market changes remain absent. Although Pippen is a figure outside the crypto industry, his endorsements frequently mobilize trading communities. He continues to keep SHIB in focus alongside XRP, indicating his personal investment interests.

A notable effect post-endorsement was SHIB's increased community engagement. However, the phrase "Altcoin Season is here" reflects a pattern typical of celebrity endorsements with short-lived impact absent further development. Pippen's ongoing interest in cryptocurrencies such as SHIB and XRP is viewed as promotional rather than strategical in financial terms. Efforts remain merely public endorsements, with no substantial regulatory or technological advancements discussed. Historical patterns show brief spikes in trading activity following such endorsements, yet without underlying strategic shifts or regulatory momentum, their lasting impact remains minimal in the broader market environment.