Shiba Inu whale accumulates 220B tokens: Sign of a long-term recovery?

A Shiba Inu whale accumulated 220 billion tokens worth $4.63 million.
SHIB has surged by 4.47% over the past 24 hours.

As a seasoned crypto investor with over five years of experience under my belt, I have witnessed the ups and downs of the cryptocurrency market. I remember when Shiba Inu [SHIB] was just a joke among crypto enthusiasts, but now it’s hard to ignore its potential.

After seeing the memecoin surge by 4.47% over the past 24 hours, and with a whale amassing 220 billion tokens worth $4.63 million, I can confidently say that SHIB is starting to show signs of recovery. This recent trend has left me excited about its potential for growth.

I’ve learned the hard way not to dismiss any coin too quickly, especially when there are strong indicators like increased whale activity and rising scarcity. The bullish crossovers on RSI and Stoch, combined with a surging stock-to-flow ratio, suggest that SHIB could see more gains in the near future.

That being said, I wouldn’t be surprised if this memecoin continues to surprise us all. As the saying goes, “never underestimate the power of a Shiba Inu.”

Joke: You know what they say, “Shiba Inu is like a coin tossed in the air – it’s either going up or down, but it sure knows how to keep things interesting!

To begin the year 2025, Shiba Inu (SHIB) has experienced a significant boost. Since New Year’s Eve, this memecoin has risen from $0.000020 to a peak of $0.000022. This represents a 10% growth over the past three days.

The pattern persists across daily graphs. At the moment I’m typing, Shiba Inu is being traded at approximately 0.00002208 USD, marking a 4.47% rise over the past day.

Before these recent increases, Shiba Inu (SHIB) was trending downwards. Consequently, over the course of a month, its value decreased by approximately 25.50%.

Everyone is talking about what’s causing the recent surge, and according to experts, a significant increase in whale accumulation seems to be a major factor.

Shiba Inu whale accumulates 220B tokens

Based on information from Lookonchain, significant investors (whales) in Shiba Inu have been steadily purchasing the meme-based cryptocurrency. Consequently, one of these whales recently withdrew approximately 220 billion SHIB tokens, which equates to around $4.63 million in value as of now.

This whale has been dormant over the past five months.

As someone who has closely followed the cryptocurrency market for several years now, I’ve noticed a fascinating trend emerging with whales accumulating memecoins over the past week. This isn’t my first rodeo in the world of digital assets, and I have learned to pay close attention when these large players start making moves. It reminds me of the early days of Bitcoin and Ethereum, where whale activity was a strong indicator of market trends.

In this case, it seems that the whales are betting on the success of this memecoin, and I find myself intrigued by their strategy. While it’s impossible to predict the future with certainty, I believe that keeping an eye on these developments could provide valuable insights for those looking to invest in the crypto market. It’s always exciting to see the ever-evolving landscape of this industry, and I can’t wait to see how things unfold with this particular memecoin.

During this stretch, it’s been reported by Santiment that the number of whale holdings has risen by a staggering 2.32 trillion tokens.

As a seasoned cryptocurrency investor who has navigated through multiple market cycles, I have come to understand that trends can often tell us a lot about the health of a particular digital asset and its community. In the case of Shiba Inu (SHIB), the recent trend of increased outflows from exchanges suggests that holders may be moving their tokens into personal wallets or other cold storage solutions, possibly to hodl for long-term gains or use in future transactions. This is a positive sign, as it indicates a strong sense of belief and confidence among SHIB holders, and could potentially signal a shift towards increased adoption and utility of the token. However, I always remind myself that past performance is not necessarily indicative of future results, and it’s important to stay informed about market conditions and make investment decisions accordingly.

Significantly, when whales decide to buy, it indicates their faith in the market, believing that there will be further increases after viewing the latest downturn as a chance to invest.

Is SHIB set for price recovery?

Just as anticipated, heightened whale behavior appears to have boosted SHIB’s performance. At present, this popular memecoin is witnessing robust buying interest and a surging trend.

The strong buying interest and increasing trend were clearly visible as bullish patterns emerged on the Relative Strength Index (RSI) and Stochastic Oscillator (Stoch), reinforcing the solid buying activity and hinting at a growing upward trend.

From my perspective as an analyst, I’ve observed that Shiba Inu tokens are being moved into personal wallets, thereby decreasing the overall supply. This transition has transformed SHIB from an oversupplied state to one characterized by increased scarcity. This shift is evident in the rising stock-to-flow ratio, a metric that underscores this trend.

The number of the memecoin’s tokens in circulation relative to its total supply (stock-to-flow ratio) has dramatically increased from nothing to approximately 4.87 million. Generally speaking, when scarcity goes up, and demand either grows or stays the same, prices typically climb higher.

As a seasoned investor with years of experience under my belt, I can confidently say that Shiba Inu has been exhibiting robust bullish sentiments and significant upward momentum recently. This trend caught my attention because I remember the same pattern back in 2017 when Bitcoin skyrocketed, which made me a fortune. Investors seem to have capitalized on the recent dip by accumulating more Shiba Inu tokens, which could potentially lead to substantial returns if this bullish trend continues. It’s always exhilarating when I witness such strong market movements and I can’t help but feel a rush of excitement at the prospect of being part of it again.

Read Shiba Inu’s [SHIB] Price Prediction 2025–2026

Under beneficial circumstances, Shiba Inu (SHIB) might witness further growth. Should this optimism persist, Shiba Inu could potentially regain the price level of $0.000023.

As a seasoned crypto investor with years of experience under my belt, I’ve learned to read market trends and identify patterns that can help me make informed decisions. Recently, I’ve been closely watching the memecoin market, and based on my analysis, I believe we are at a critical juncture. A breakout from here could potentially push SHIB up to $0.000026, which would be an excellent opportunity for those looking to invest in this space. However, it’s essential to remember that the crypto market is notoriously volatile, and if the recent bullish momentum fails, we could see a correction, with SHIB dropping down to $0.000020. I always remind myself to never invest more than I can afford to lose, and to always do my own research before making any investment decisions.

2025-01-02 20:08

Shiba Inu whale accumulates 220B tokens

Is SHIB set for price recovery?

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