Shiba Inu Sees 870% Surge in Whale Accumulation Amid Bullish On-Chain Signals

Shiba Inu (SHIB) has recently attracted renewed attention in the crypto market, driven by a surge in whale activity and on-chain developments. Large holders have been accumulating SHIB in significant volumes—over 26 million tokens transferred in a single day, according to on-chain tracker IntoTheBlock, marking an 870% increase from previous levels [2]. This spike in whale involvement is often viewed as a bullish signal, as it suggests institutional or high-net-worth investors are positioning for potential upside [1]. At the same time, SHIB is being burned at a faster rate than it is being purchased, with 629 billion tokens removed from circulation, compared to the 400 billion acquired by whales, potentially supporting a price floor around $0.0000103 [2].

Technical indicators also suggest a potential upward move. SHIB is currently consolidating near $0.000012, having pulled back 20–25% from its July high [2]. A falling wedge pattern—an indicator often associated with bullish reversals—has emerged on the price chart, and crypto analyst SHIB Knight has highlighted the possibility of an imminent breakout [2]. If this pattern holds, SHIB could potentially rise to $0.000016, representing a short-term gain of approximately 30% [2].

Further reinforcing the bullish narrative is a recent 40% increase in trading volume over the past 24 hours, signaling growing buyer interest [2]. Additionally, data from Coinglass reveals that more SHIB is being withdrawn from exchanges than deposited, with over $3.4 million worth of the token leaving trading platforms within 48 hours [2]. This behavior is typically interpreted as a sign that investors are holding rather than selling, reducing immediate downward pressure on the price.

On the ecosystem front, Shiba Inu is seeing progress with Shibarium, its Layer-2 blockchain, as proposals for upgrades are being actively discussed. These developments, combined with rumors of a redesigned Woofswap interface, are generating renewed interest among investors [2]. Analysts argue that these upgrades could enhance the platform’s utility, particularly in decentralized finance (DeFi) and NFTs, thus providing a longer-term growth foundation for the token [1].

Looking ahead, some analysts project a 5% annual growth rate for SHIB, with a target price of $0.00001335 by 2026 [5]. While this remains speculative, it aligns with the current on-chain activity and ecosystem developments. However, it is important to note that such forecasts are not guarantees, and the token’s performance will depend on broader market conditions and continued whale accumulation [2].

SHIB is also performing relatively well in the current altcoin environment. While other meme coins like Pepeto are generating short-term hype, SHIB’s whale-driven accumulation and token burn activity suggest a more grounded trajectory [2]. Despite the broader market volatility, SHIB has remained within a defined price range, indicating a level of investor confidence that may persist if the on-chain momentum continues [9].

That said, the token is not entirely insulated from the broader crypto environment. For instance, delayed price targets for Solana could impact overall market sentiment, and SHIB’s movements may be influenced accordingly [9]. Nevertheless, SHIB’s unique positioning as a meme coin with a growing DeFi infrastructure sets it apart from its peers [1].

Overall, the combination of technical patterns, whale activity, token burns, and ecosystem upgrades is creating a favorable backdrop for SHIB. Whether the market will confirm these signals remains to be seen, but the current data suggests that SHIB is in a strong position to potentially capture renewed attention and price appreciation in the near term.

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[1] title1.............................(https://www.ainvest.com/news/dogecoin-news-today-shiba-inu-whale-activity-surges-600-altcoin-season-debate-intensifies-2508/)

[2] title2.............................(https://www.ainvest.com/news/shiba-inu-large-holders-buy-400-billion-tokens-pepeto-rises-meme-momentum-2508/)

[5] title5.............................(https://www.bitget.com/price/shiba-inu/price-prediction)

[9] title9.............................(https://coincentral.com/now-solanas-price-target-of-400-slips-further-this-crypto-presale-emerges-as-the-markets-next-big-play/)