Shiba Inu Whale Activity Swings Sharply: Transaction Drop Followed by 1.93 Trillion SHIB Accumulation after 20% Price Drop
Shiba Inu (SHIB) has experienced significant fluctuations in whale activity. Initially, large whale transactions dropped sharply by 91%, from 24.3 trillion SHIB to just 2.06 trillion, suggesting waning confidence and reduced liquidity. Despite this, SHIB’s price increased moderately by 1.75% as of June 9, 2025. In a later development, SHIB’s price faced a 20% decline over the past month. This drop triggered a shift, with SHIB whales aggressively accumulating 1.93 trillion tokens in a single day, signaling renewed demand and a reversal from the monthly low in large holder inflows. Exchange net outflows climbed to $2.7 million, indicating strong accumulation as tokens moved from exchanges to private wallets. This accumulation led to a short-term 1.03% price rebound, pushing SHIB to $0.00001259, with analysts suggesting that continued whale interest could help test resistance at $0.000013. However, a reversal back to net selling could see prices fall below the $0.000012 support. Traders should closely monitor whale movements and overall market sentiment for cues on SHIB’s short-term direction, as swift shifts in large holder behavior drive both volatility and liquidity in memecoins like SHIB.
Bullish
The sharp decline in Shiba Inu whale transactions initially signaled lower confidence and potential for increased volatility, typically a neutral to bearish indicator. However, the most recent development—a rapid 1.93 trillion SHIB accumulation by whales following a 20% price drop and substantial net outflows from exchanges—strongly suggests renewed large holder confidence and active accumulation. Historically, such whale actions indicate stronger demand and potential price recovery, especially when accompanied by reduced exchange supply. The observed price rebound and analysts’ expectations for SHIB to test higher resistance levels further support a short-term bullish outlook. However, traders should remain vigilant, as any reversal in whale sentiment could quickly shift momentum.