Shiba Inu Surges 12% as Whales Drive 4.8 Trillion Token Trade

Shiba Inu (SHIB) experienced a significant surge, with its price climbing 12% following a massive trade volume of 4.8 trillion tokens. This substantial transaction broke through key resistance levels, pushing the cryptocurrency above its 200-day simple moving average (SMA) for the first time since January. The 200-day SMA is a critical technical indicator that helps traders assess the overall trend of an asset, and crossing above this level is often seen as a bullish signal, suggesting that the asset may continue to appreciate in value.

The surge in SHIB's price was not an isolated event but was backed by a colossal trading volume, indicating a surge in market activity and investor confidence. Between 01:00 and 05:00 UTC on July 18, SHIB's price rocketed from $0.00001459 to $0.00001560, with a jaw-dropping 4.88 trillion SHIB traded during the 01:00 hour—more than triple the 24-hour average. This level of trading activity is not typical for SHIB and suggests significant institutional or whale involvement in the market. Whales, or large holders of a particular cryptocurrency, often have the power to influence market prices through their trading activities. Their participation in the market can lead to increased volatility and price movements, as seen in this instance with SHIB.

The coin cleared the $0.00001500 psychological level with ease, then held steady above $0.00001480. This created a strong support base, hinting at further upside. While other coins danced in place, SHIB roared ahead. Exchange reserves plummeted to their lowest since 2023, a sign that whales are accumulating. When large wallets stack up and reserves fall, it means fewer tokens are available to sell—shrinking supply and lifting prices. The daily chart is also painting a promising picture. A double-bottom pattern is forming, a classic bullish reversal signal. It doesn’t whisper change—it signals a storm. And traders are listening. SHIB now hovers near the $0.00001520 to $0.00001540 resistance zone. If bulls maintain pressure, the next potential target could stretch to $0.00001600. This move was backed by volume, structure, and psychology.

Traders are no longer treating SHIB as a joke. It’s showing structure, resilience, and a crowd that refuses to back down. The breakout above the 200-day SMA has turned heads among both retail and institutional watchers. When key moving averages are crossed with force, it often marks the beginning of something much bigger. This isn’t a meme rally—it’s a coordinated push backed by real metrics. Shiba Inu has flipped sentiment, broken resistance, and reminded everyone that it’s still in the game. With strong support levels, growing accumulation, and bullish technicals, SHIB’s story might just be getting started.