Shiba Inu Price Drops 3.279% Amid Whale Activity Controversy

Shiba Inu's latest price was $0.00001244, down 3.279% in the last 24 hours. The cryptocurrency has been the subject of recent controversy due to allegations of whale activity driving its price. However, these claims lack official endorsement from the project's leadership or primary sources. As of July 31, 2025, there has been no confirmation from Shiba Inu's leadership regarding whale accumulation or any technical chart patterns for SHIB. This has led to skepticism within the community, as key leaders, including Shytoshi Kusama, have not publicly acknowledged such market patterns. Claims of Shiba Inu forming a “cup-and-handle” chart pattern, supposedly indicating a significant price increase, remain unsupported by official statements. The absence of comments or confirmations from Shiba Inu’s leadership team fuels further doubt. The ecosystem, including tokens like BONE and LEASH, sees no expected immediate price movement without evidence, despite speculation from some quarters. The disconnected market rumors from the actual project communications highlight the volatility within the cryptocurrency space. No official collaborations or funding announcements from the Shiba Inu team accompany these rumors, reinforcing the lack of substantial developments. Without institutional backing or verifiable whale activity, the predictions echo past unsubstantiated claims. Despite historical precedents of whale activity impacting Shiba Inu’s price, current market conditions differ as no official source corroborates the current rumors. Community insights focus on the need for caution amid unconfirmed reports. The potential long-term implications of unverified claims could include regulatory scrutiny and market instability. The speculation surrounding Shiba Inu underscores key lessons for investors about the risks of unfounded market rumors. To maintain effective market practices, subject financial expectations to careful validation against official records and data. Historic whale buy-ins have impacted cryptocurrency momentum, yet misinterpretation without confirmation can spur regulatory and economic repercussions. It’s essential to rely on official sources for accurate insights into market dynamics, such as Shibarium’s transaction throughput, rather than relying on unfounded claims.

Shiba Inu has seen a clear breakout this July, moving past a multi-year resistance line. Crypto analyst Javon Marks first pointed to the move on July 12, saying the token had broken through a long-standing trendline. According to the update, Javon kept his price target at $0.000081, expecting over 500% upside. It is important to note that the figure is still up 12.2% in the last month. Analysts said the breakout followed a typical pattern: a breakout, a retest of the old resistance line, and then a move into a new range. According to Marks, SHIB had formed a hidden bullish divergence between late 2023 and early 2024. This signaled that momentum might be building even as prices moved sideways. It is essential to note that other analysts have supported similar views. For instance, CryptoNuclear said the recent dip looked like a healthy retest after the breakout. He gave a price target of $0.0000329. Tradersboat and Maddox Metrics also saw upside, with targets ranging as high as $0.000250. Notably, these analysts said SHIB looked undervalued based on past patterns. So far, SHIB has held above the breakout line. As of writing, many still see potential if the market shifts. In a separate development, the talk of altseason has grown, but most of the crypto market still sits under Bitcoin’s shadow. Over the past year, Bitcoin’s dominance has stayed above 50%. That means most new money has gone into BTC and ETH, not into smaller coins. There have been a few short pumps, such as with Solana and some AI-related cryptocurrency projects. However, most altcoins have moved sideways or lost value. DeFi and NFT activity have remained low as there has been no clear sign of a retail wave entering the market. This stands in contrast to 2021 when the last full altseason took place. Back then, Bitcoin’s dominance dropped from over 70% to around 40%. At the time, the price of Ethereum rose from $730 to over $4,000. Digital assets like BNB, ADA, DOGE, and Shiba Inu saw major gains. DeFi and NFT tokens also had strong runs. However, in 2025, those bullish conditions had not returned. SHIB’s breakout may be promising, but it has not triggered a broader shift, at least not yet. In another major update, some analysts say SHIB’s tokenomics could help push it higher. For example, Rogozinski, the founder of WallStreetBets, said token burns could drive demand. He pointed to Shiba Inu coin’s past, when Vitalik Buterin burned over 410 trillion tokens in 2021. That move helped the coin rise to its all-time high. Recently, SHIB’s burn rate increased by over 16,000% in one day. A Coinbase user burned more than 600 million tokens, catching attention across the space. This kind of activity can lead to lower supply, which may affect the price of the Shiba Inu coin over time. Based on the current outlook, it remains unclear whether SHIB will bring back or join the next altseason.

Shiba Inu (SHIB) open interest surged to 14.73 trillion tokens within 24 hours, reflecting strong investor confidence and signaling a potential price rally in the near term. SHIB open interest reached approximately $190.3 million in unsettled futures contracts. Despite a slight dip in trading volume, SHIB’s price increased by 1.5%, showing resilience amid market fluctuations. Capital rotation from Bitcoin to altcoins supports SHIB’s bullish momentum, with potential to break $0.0000145 soon. Shiba Inu’s open interest surged to 14.73 trillion SHIB tokens in the last 24 hours, equivalent to about $190.3 million in futures contracts. This metric, which represents unsettled active contracts, indicates strong investor commitment. The rise in open interest suggests traders anticipate a significant price rally soon, reflecting growing optimism in SHIB’s market potential. Open interest is a key indicator of market sentiment. The recent spike in SHIB futures contracts coincided with a 1.5% price increase, pushing SHIB to approximately $0.00001292. Although trading volume slightly decreased by 1.6% to $225.6 million, the sustained open interest signals continued investor engagement, supporting SHIB’s monthly growth of 14.6%. The bullish trend in SHIB is bolstered by capital rotation from Bitcoin into altcoins. Bitcoin’s recovery to the $118,000 level, with a 0.52% daily gain, has positively influenced altcoins like Ethereum, XRP, Binance Coin, Solana, and Shiba Inu. SHIB’s price peaked at $0.0000131 earlier today, with projections indicating a possible breakout to $0.0000145 if it sustains above $0.000013, supported by increasing trading volume. Capital rotation occurs when investors shift funds from Bitcoin to altcoins, seeking higher returns. This movement has helped SHIB and other altcoins gain momentum. The synchronized rise of top altcoins alongside Bitcoin demonstrates a broader market confidence, which is essential for SHIB’s potential price breakout and sustained growth. The recent surge in Shiba Inu open interest highlights growing investor confidence and bullish momentum. Supported by capital flows from Bitcoin and positive altcoin trends, SHIB is positioned for potential price breakthroughs. Monitoring open interest alongside market dynamics remains crucial for anticipating SHIB’s next moves.

Significant developments have emerged within the Shiba Inu ecosystem, driven by substantial community participation and strategic token management. A remarkable surge in staking activity has resulted in the locking of over 4.6 trillion SHIB tokens valued at more than $58.7 million across decentralized finance platforms. This growing trend reflects a deepening conviction among holders regarding the project's future trajectory and signifies increasing engagement within the network. Concurrently, the Shiba Inu community has demonstrated a strong commitment to reducing the token's circulating supply through its burning mechanism. Reports indicate an unprecedented surge in the SHIB burn rate, described as exploding by an extraordinary 16,000%. This aggressive burn strategy directly removes tokens from circulation, complementing the supply reduction achieved through staking. Further highlighting heightened activity, Shiba Inu experienced a notable increase in acquisition interest during late July 2025, with buying activity reportedly rising by 14%. This aligns with observations of significant capital movements involving the token, often referred to as 'whale activity', suggesting robust participation from major holders within the network.