Shiba Inu Surges 5.704% as Whales Accumulate, Developments Awaited

Shiba Inu's latest price was $0.00001183, up 5.704% in the last 24 hours. The cryptocurrency has been a topic of interest among crypto analysts and even notable figures like NBA legend Scottie Pippen, who has expressed optimism about the meme coin. Pippen recently engaged with his followers on X, asking which cryptocurrencies besides Bitcoin they are bullish on, and included SHIB in his list of picks. This is not the first time Pippen has shown interest in altcoins; in May, he declared that the altcoin season had arrived, shifting his focus to several prominent cryptocurrencies, including SHIB.

Despite the current downtrend, SHIB has garnered attention for its potential for a significant rally. Analysts have noted that the coin has bounced off key daily support and broken its local downtrend, indicating a classic reversal setup. This has led to predictions of a 40% spike in the near future. Additionally, the lead developer of Shiba Inu, Shytoshi Kusama, has teased multiple upcoming announcements, fueling speculation that July could be a successful period for the meme coin. Kusama's post on X hinted at many announcements, releases, and discussions around the project's ecosystem, suggesting that significant developments are on the horizon. The community has taken this as a positive sign, hoping that these disclosures could trigger a price ascent for SHIB. However, the actual impact of these announcements remains to be seen.

The potential for partnerships and groundbreaking disclosures within the Shiba Inu ecosystem adds to the anticipation surrounding the meme coin. The project's lead developer, Shytoshi Kusama, has been actively engaging with the community, hinting at exciting developments that could shape the future of SHIB. The upcoming announcements and releases are expected to provide more clarity on the project's roadmap and potential collaborations, which could further boost investor confidence and drive interest in the cryptocurrency. As the community awaits these developments, the focus remains on the potential for SHIB to experience a resurgence and regain its position as a prominent player in the crypto market.

Shytoshi Kusama, the lead developer of Shiba Inu, recently hinted at significant developments planned for July 2025. Through a post on social media platform X, Kusama suggested the month would be pivotal, featuring the unveiling of several AI-driven initiatives related to the Shiba Inu ecosystem. This announcement has generated considerable anticipation within the community regarding potential technological advancements or project expansions on the horizon.

Concurrently, notable shifts have occurred among significant holders of Shiba Inu tokens. Data indicates a substantial 40% increase in the number of whale-sized wallets holding SHIB within a relatively short timeframe. This significant rise points towards large-scale investors either establishing new positions or actively increasing their existing stakes in the project. This accumulation trend suggests heightened institutional or high-net-worth individual interest coinciding with the project's announced initiatives.

Further analysis reveals a shift in holder profitability metrics over recent periods. As of early July 2025, data shows that over 966,780 distinct Shiba Inu addresses are currently in a loss position relative to their initial acquisition cost. This group represents a large majority, approximately 66.66%, of all active Shiba Inu addresses holding a non-zero balance. The number of loss-bearing addresses has expanded rapidly, growing by more than 26,000 in just the past week, indicating recent market movements have impacted a growing segment of holders.