Shiba Inu Whale Sells $6.05M in SHIB as Price Drops 10 Percent

A significant sell-off of Shiba Inu (SHIB) tokens has drawn market attention, with reports indicating that a long-time whale recently sold 250 billion SHIB for $6.05 million. This whale originally acquired over 15 trillion SHIB for just $3,800 in 2020, which had previously been valued at more than $1.2 billion during SHIB’s peak. Despite this major sale, the investor still holds over 2 trillion SHIB, valued at $52 million, representing a total profit of approximately $109 million [1]. This move coincided with a 10 percent drop in SHIB’s price, sparking both concern and speculation among investors [1].

However, beneath the surface of this sell-off, whale activity has been increasingly bullish. In the same period, major investors moved 400 billion SHIB to Gemini, an action that, while initially appearing as selling pressure, could signal strategic accumulation [1]. On-chain data suggests that such movements often precede a price rebound, especially when combined with a shrinking exchange supply and a consistent burn rate [1]. Over the past few days, more than 13 million SHIB tokens have been burned, reinforcing the idea that supply is being systematically reduced, which could support a future price increase [1].

Technical analysis also supports cautious optimism. SHIB has dipped below its middle Bollinger Band, indicating bearish momentum, and is currently near the lower band, suggesting it is in or approaching oversold territory. However, the recent sequence of red Heikin Ashi candles has shown signs of fading momentum, a pattern often associated with the formation of a base before a potential reversal [1]. A key support level is currently at $0.00001100, a previous consolidation point. If this level holds, it could provide a foundation for a rebound, particularly if accumulation and burn activity continue [1].

The market has also seen a notable increase in whale activity. On August 1, whale transactions surged by 8,866 percent, with 798 billion SHIB moving across exchanges in a single day. Despite the large volume, SHIB's price remained relatively stable [4]. Additionally, whale investors have been accumulating 400 billion SHIB during the price decline, which some analysts view as a sign of long-term value stabilization efforts [4]. This accumulation coincided with a 16,700 percent increase in SHIB burn activity, a mechanism that reduces the total supply and could support future price appreciation [4].

Some analysts have drawn attention to bullish patterns in SHIB's chart. A cup-and-handle pattern has formed, which is often seen as a continuation pattern that could lead to a 70 percent price increase [2]. Additionally, an inverted hammer candlestick pattern has emerged, suggesting the possibility of a short-term rebound [5]. These patterns, combined with the drop in exchange supply—now at 277.37 billion tokens—indicate that larger market participants may be accumulating rather than selling [2].

While the immediate outlook remains mixed, several analysts have offered more optimistic forecasts. One analyst has predicted a potential 4,900 percent surge in SHIB before the end of the decade, driven by renewed bullish traction and strong adoption metrics [9]. Another forecast suggests SHIB could reach $0.040 in the next phase of its growth, a 15 percent increase from current levels [6]. However, these projections remain speculative and are not yet reflected in immediate market action.

The ongoing interplay between large-scale selling and whale accumulation underscores the complex dynamics at play in the SHIB market. While recent price declines have raised concerns, the increased burning of SHIB and the accumulation efforts by large investors suggest the market may be setting the stage for stabilization and a potential recovery.

Source:

[1] Shiba Inu Whale Just Sold Millions: But Is a Price Surge Coming? (https://cryptoticker.io/en/shiba-inu-whale-just-sold-millions-but-is-a-price-surge-coming/)

[2] Ethereum News Today: Shiba Inu Whale Accumulation and ... (https://www.ainvest.com/news/ethereum-news-today-shiba-inu-whale-accumulation-cup-handle-pattern-suggest-70-price-upside-2508/)

[3] Shiba Inu Dips 6%, But Key Reversal Pattern Could Spark ... (https://www.bitget.com/news/detail/12560604893103)

[4] Whale Investors Buy 400B SHIB Amid 10% Price Drop and ... (https://www.ainvest.com/news/whale-investors-buy-400b-shib-10-price-drop-rising-burn-rate-2508/)

[5] Shiba Inu Tanks 6% But 'Inverted Hammer' Offers Hope to ... (https://www.coindesk.com/markets/2025/08/01/shiba-inu-slides-6-but-inverted-hammer-offers-hope-to-bulls)

[6] Shiba Inu (SHIB) Surges 17.07% with Burn Spike, But This ... (https://www.msn.com/en-us/money/other/shiba-inu-shib-surges-1707-with-burn-spike-but-this-defi-gem-could-burn-resistance-to-reach-1/ar-AA1JyNEo)

[8] Whale Activity Soars 8866%, But SHIB Price Holds Ground (https://www.xt.com/en/blog/post/whale-activity-soars-8866-but-shib-price-holds-ground)

[9] New Prediction Shows Shiba Inu (SHIB) Could T... (https://coinstats.app/news/deea9ba91712d3281bb5089a08a46b286008f68a255fe5d55c5db141c97c2eb6_New-Prediction-Shows-Shiba-Inu-(SHIB)-Could-Turn-%2410%2C000-Into-%24500%2C000-by-2030%2C-One-SHIB-Rival-Might-Do-It-By-2026/)