Shiba Inu Surges 13% in a Week, Whale Activity Drives Rally

Shiba Inu (SHIB) has been experiencing a significant rally, breaking out of its months-long downtrend. Since July 12, the cryptocurrency has surged from $0.0000129 to $0.0000146, and is currently trading near $0.00001520. This upward momentum is attributed to rising trading volume, growing open interest, and increased whale activity. The breakout has been backed by strong support at $0.0000129, reclaiming a bullish structure, and weekly momentum flipping green. Analysts are optimistic about SHIB's potential to reach $0.0000200 and beyond.

SHIB derivatives have shown strong market confidence, with a 25.34% surge in volume over the past 24 hours, reaching $586.29 million. Open interest also climbed 13.5%, hitting $287.41 million. This uptick followed a spike in SHIB’s burn rate, with nearly 5.89 million SHIB tokens destroyed in one day—an 869.74% increase. Analyst Gehavian Goals highlighted SHIB’s sharp rebound from resistance, calling it the “strongest since February.” They forecast a short-term push to $0.000017, with $0.00002 in sight if bullish momentum holds. The upcoming SHI stablecoin, aligned with emerging U.S. regulatory standards under the GENIUS Act, is expected to drive more liquidity and give SHIB broader utility beyond speculation.

The Shiba Inu ecosystem continues to evolve, with infrastructure development and enhancements to cross-chain compatibility and Shibarium underway. This evolution from a meme coin to an ecosystem-driven token is reflected in the 1.52 million on-chain wallets, indicating a committed community. Despite price turbulence, holder numbers have remained steady, with recent data showing increasing wallet activity and few holders exiting the market. Large wallets are also returning, signaling confidence in future growth. Even during price dips, SHIB holders voluntarily burned tokens, reducing the circulating supply and suggesting long-term optimism.

As sentiment across altcoins turns bullish, SHIB has gained 13% over the past week, outperforming several top tokens. If the current trend continues, SHIB could soon retest $0.000017 and challenge $0.00002. While short-term pullbacks are possible, analysts remain bullish. Strong volume, rising whale interest, and improving technicals paint a promising picture for SHIB’s next move. The community's support, strategic partnerships, and the evolving cryptocurrency landscape contribute to SHIB's growing popularity and investor confidence in its long-term prospects. However, investors should exercise caution and conduct thorough research due to the market's volatility and the various factors influencing cryptocurrency prices.