Whales Trigger SHIB Price Whiplash, but Long-Term Hope Hinges on Bitcoin’s Fate

Shiba Inu (SHIB) has experienced mixed performance in recent days, with a notable short-term price rally followed by profit-taking by large investors, or "whales." As of the latest data, SHIB trades at $0.00001282, reflecting a 4.1% increase over the past seven days and a 2% rise in the last 24 hours. However, gains over the past three months are modest, totaling just 3.2%. While the price movement suggests some optimism, whale activity and sharp profit-taking have tempered broader bullish momentum.

On September 5, SHIB whales accumulated approximately 11.27 trillion tokens, valued at $135 million at the time. Within hours, they reduced their holdings to 701.93 trillion, indicating a near $25 million sell-off. This in-and-out maneuver coincided with a brief price increase from $0.00001206 to $0.00001248, which stalled shortly thereafter. The move highlights the influence of large investors on the token's short-term price dynamics. Additionally, the percentage of SHIB supply in profit rose from 20.86% to 29.64% between September 4 and 8, marking a two-week high and suggesting ongoing profit-taking by both retail and institutional holders.

Despite the sell-off pressure, SHIB has maintained a breakout above its ascending triangle pattern, pushing past the $0.00001253 level. Analysts note that the next critical resistance levels are at $0.00001352 and $0.00001473, with a clean break above $0.00001597 potentially signaling a stronger rally. On the downside, a failure to hold above $0.00001253 and $0.00001202 could trigger further losses, particularly if whale selling continues. The Money Flow Index (MFI) has shown a slight upward trend, indicating cautious dip buying, though a break above its July high would be needed for stronger conviction in a bullish continuation.

The token’s future remains closely tied to Bitcoin's performance. A hypothetical scenario in which Bitcoin reaches $1.3 million or $2.97 million by 2035 could see SHIB follow suit with proportional gains. If Bitcoin rises 1,098%, SHIB could reach $0.0001489, while a 2,638% increase would push it to $0.0003403. These projections, based on Bitwise’s analysis, illustrate the potential upside if SHIB continues to mirror Bitcoin's trajectory. However, the token has not yet reached these levels, with its all-time high at $0.00008845, significantly lower than the projected targets.

Various analysts have made separate price forecasts for SHIB, with some predicting $0.00014 as early as September 2024 and others projecting $0.00034 by 2027. While these targets remain speculative, they reflect ongoing interest in the token’s potential. Investors are advised to remain cautious, as the market remains volatile and subject to sharp corrections, particularly in the presence of whale activity.

Source: [1] Shiba Inu Price Hit by Sellers but One Hope Remains (https://beincrypto.com/shiba-inu-price-whales-profit-selling-hope-remains/) [2] Here is Shiba Inu price if Bitcoin Reaches $1.3M–$2.97M (https://thecryptobasic.com/2025/09/08/here-is-shiba-inu-price-if-bitcoin-reaches-1-3m-2-97m/)