SHIB Whales Are Active, But Is Anyone Listening?

Large SHIB transactions surged to a jaw-dropping $7.75 million on April 21. Oh, really?
SHIB address activity hit lows not seen since October. So, what’s happening?

Ah, the Shiba Inu. Once the darling of the meme coin world, now it’s… well, still there, I suppose. On April 21st, whale activity surged by 95% during the early Asian trading session. Blockchain analytics platform IntoTheBlock reports a hefty $7.75 million was moved by some heavy hitters. A whopping sum. But, was it enough to catapult SHIB into the next big thing? 🤔

Or is this just another blip on the radar of a coin that can’t seem to find its footing?

Is SHIB’s Recovery Just Around the Corner? Or is That Wishful Thinking?

Let’s take a little stroll down memory lane, shall we? AMBCrypto did some number crunching to see how past whale transactions have impacted SHIB’s price.

Ah, November 2024 – a magical time when whale activity spiked from a quaint 4 trillion SHIB to a mind-boggling 30 trillion SHIB. And you know what? SHIB rallied 100%. A nice, juicy comeback for the memecoin. But not every whale is the hero of the story.

Take January 6, for instance. A large transaction moved from 1.5 trillion SHIB to 15 trillion SHIB. What happened next? Absolutely nothing. The price dropped lower. Oh, the joy of volatility. 😑

And in March, a similar spike? Flatline. Absolutely no fireworks. Just crickets.

So, was the recent whale activity a game-changer? Hardly. It wasn’t enough on its own to give SHIB the kind of rally it’s probably hoping for. But, there’s always a silver lining. The network’s address activity dipped by nearly 30% in the past 24 hours. 🧐

It’s almost like no one’s paying attention, with address activity falling to the low point last seen in October. A sure sign of low market interest. But then again, some folks seem to be stocking up on SHIB like it’s the last slice of pizza. 🍕

Looking at the supply on centralized exchanges (CEXes), SHIB has dropped from over 140 trillion to below 100 trillion in 2025. Meanwhile, more than 100 trillion SHIB have been purchased and moved off exchanges. The accumulation is real, people.

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Looking at the price chart, SHIB has gained 23% in April. Not bad, right? But there’s a catch: there’s an overhead hurdle sitting at the 50-EMA (Exponential Moving Average). Currently, this sits at $0.0000129, right around April’s high of $0.000013. If SHIB wants to hit a new monthly high, it’s going to have to break through that obstacle. Can it do it? Only time will tell…

2025-04-22 11:11

Is SHIB’s Recovery Just Around the Corner? Or is That Wishful Thinking?

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