• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
Shiba Inu

Shiba Inu Whales Are Quietly Accumulating SHIB – Can This Send Price To $.0.00005?

Scott Matherson
by Scott Matherson
9 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Shiba Inu (SHIB) has experienced a period of relative calm in recent days, characterized by low price volatility leading up to a 6% increase in the last 24 hours. The phase has been mostly characterized by low price volatility despite huge movements on-chain.

Related Reading: Gold Tops $2500, Steals The Spotlight From Bitcoin – Details

Interestingly, it seems the trend has sparked an increase in SHIB accumulation among some large holders. As such, the accumulation has sparked theories of the return of a bullish upside for SHIB, which could mimic a rally witnessed in February. 

Shiba Inu (SHIB) has recently been defined by significant whale transactions, underscoring the heightened activity among large holders. A prime example is the recent withdrawal of $1 million worth of SHIB from the crypto exchange Robinhood by the prominent market maker Wintermute.

Shiba Inu: Strategically Transferred

According to on-chain data from Arkham Intelligence, these tokens were not simply held but were strategically transferred among various leading crypto exchanges. 

In addition to this, on-chain data highlights a broader trend of large transactions that suggest whales are accumulating SHIB at current low prices, potentially in anticipation of an upcoming price surge. Data from IntoTheBlock indicates that large SHIB transactions, defined as those exceeding $100,000, have spiked by an impressive 71% in the past 24 hours alone.

This metric, which specifically tracks these substantial transactions, shows that the volume of these large trades has exceeded 2.1 trillion SHIB, worth approximately $30 million in just the last 24 hours. 

SHIB market cap currently at $9.1 billion. Chart: TradingView

This surge in whale activity has not gone unnoticed by the broader crypto community. A SHIB analysis recently posted on TradingView interpreted the SHIB price action as strategic moves by large SHIB holders who are taking advantage of the current narrow price range. Interestingly, this is a well-known trend among SHIB whales that have often preceded price rally. 

Using the Wyckoff Accumulation Method, analyst CryptoCheck likened the current price action to the November 2023–January 2024 accumulation, which culminated in a 330% breakout in February. Given these similarities, CryptoCheck has predicted that the ongoing accumulation could soon result in a comparable breakout. The predicted price target is $0.00005, representing a 240% increase from the current price level.  

Current SHIB Price Action

As of the latest update, Shiba Inu is experiencing a significant price rally amid a broader influx of capital into the cryptocurrency market. Notably, the 13th largest cryptocurrency by market cap has risen by 15% over the past week, outperforming many other major crypto assets. This surge in value aligns with the increased whale activity, which has bolstered positive sentiment around SHIB.

Related Reading: Binance Hires 1,000 New Staff To Expand Compliance Team

At the time of writing, SHIB is trading at $0.00001534 and is up by 7% in the past 24 hours. The cryptocurrency still has a long way to go to the $0.00005 price level.

Featured image from The UBJ, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

Crypto

Crypto Con: Aussie Adviser Banned 10 Years Over $9.6 Million Scam

8 hours ago
Even While the World Bank Says Economic Growth Slowest Since 2008, the Case for BTC Keeps Growing

Even While the World Bank Says Economic Growth Slowest Since 2008, the Case for BTC Keeps Growing

2 hours ago
SEC Withdraws Restrictive Crypto Rules: Time for Top Altcoins to Shine

SEC Withdraws Restrictive Crypto Rules: Time for Top Altcoins to Shine

3 hours ago
First Solana Layer-2 Close to $50M as Company Plans $5B $SOL Investment

First Solana Layer-2 Close to $50M as Company Plans $5B $SOL Investment

4 hours ago
crypto, Stablecoin

A ‘Threat To Privacy’? US Senators Question Meta’s Stablecoin Plan In New Letter

23 hours ago
Strategic Bitcoin Reserves Become the Norm: 3 Best Crypto to 1000x

3 Best Crypto to 1000x as Evertz Pharma Becomes the First German Company with a Bitcoin Reserve

5 hours ago

Premium Sponsors

Press Releases

  • ETHRANSACTION Cloud Mining: A Deep Dive into the Steady...

    2 hours ago
  • Bitcoin plunge caused 250k people to be liquidated. Area...

    2 hours ago
  • ETH rises better than BTC, cloud mining platform Ripplecoin...

    2 hours ago
  • No equipment investment required! XRP Mining cloud mining...

    2 hours ago
  • Blockchaincloudmining: XRP leads global payments, cloud...

    3 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.