Shiba Inu Raises 220 Billion Tokens – A Sign of Long-Term Whale Recovery
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- A Shiba Inu whale has amassed 220 billion tokens worth $4.63 million.
- SHIB is up 4.47% in the last 24 hours.
Shiba Inu [SHIB] has started 2025 on a high note. Since New Year’s Eve, the memecoin has risen from $0.000020 to a peak of $0.000022, marking a significant 10% increase over the past three days.
This trend has remained consistent on daily charts, as Shiba Inu was trading at $0.00002208 at the time of writing—up by 4.47% in just 24 hours.
Before these gains, SHIB had been experiencing a downtrend, having fallen by 25.50% over the previous month.
The recent momentum has sparked discussions about its underlying causes; analysts suggest that increased whale accumulation is fueling this upward trend.
According to Lookonchain data, Shiba Inu whales have been actively buying up SHIB tokens; notably, one whale withdrew an impressive 220 billion SHIB tokens in just one day—valued at approximately $4.63 million as of press time.
This particular whale had not made any transactions for five months prior to this activity.
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Recently, whales have accelerated their accumulation of memecoins, with Santiment reporting that they increased their holdings by an astounding 2.32 trillion tokens during this week alone: p > p > Source: Santiment (19659014) This trend towards accumulation is also mirrored by decreased transfers to exchanges; indeed, SHIB’s exchange outflows have surged recently and are currently showing a negative balance for exchange flow. div >
Is SHIB primed for a price rally?
The surge in whale activities has positively influenced SHIB’s performance.as was anticipated.At the publish time,
the second most significant memecoin was experiencing robust buying pressure paired with favorable momentum.
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Bullish crossovers indicated strong buying pressure and suggested that upward momentum was gathering strength.status looked good.envelope
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