Shiba Inu Whale Activity Signals Market Shift

Estimated reading time: 4 minutes

• Significant increase in whale transactions for Shiba Inu (SHIB) suggests potential market shift.
• A notable whale transferred 2 trillion SHIB tokens to Coinbase Institutional, valued at $36.60 million.
• SHIB’s price decreased by 2.5% despite increased institutional activity.
• Whale transactions surged by 992%, with 768 billion SHIB tokens moved off exchanges.
• Holding above support levels could lead to a price rally, with projections suggesting a rise up to 200%.

Recent increases in whale transactions have drawn renewed attention to Shiba Inu (SHIB), prompting discussion about a potential shift in the token’s market direction. In the past week, on-chain data has shown significant activity among large holders, often referred to as “whales,” whose movements are being watched for indications of potential market changes.

On June 5, a notable transaction took place when a whale transferred 2 trillion SHIB tokens, valued at $36.60 million, to Coinbase Institutional. This event was followed by additional transfers totaling 524 billion SHIB, pointing to increased institutional involvement with the asset[1]. Despite these developments, SHIB’s price declined by 2.5% over a 24-hour period, which some analysts attribute to profit-taking or risk-averse behavior among investors[1].

Whale transactions involving SHIB have increased sharply. Discharge transactions jumped by 992% this week, and inflows from large holders rose by 206% during the same timeframe[1]. On June 3, another large-scale activity saw significant investors exchanging 1.07 trillion SHIB tokens, contributing to continuing speculation about influential market moves[1].

Alongside these trades, some whales have moved their SHIB holdings into cold storage wallets, a trend that market participants interpret as cautious positioning. This shift away from exchanges is seen as a response to current market conditions, where sellers maintain a strong presence[2]. Typically, transferring assets into cold storage suggests a longer-term holding strategy, reducing the likelihood of immediate token sales.

Currently, Shiba Inu trades around $0.00001286. Over a 24-hour period, its price ranged from $0.00001272 to $0.00001315[1]. Trading volume stands at $131.61 million, and market activity remains close to the $0.0000127 support level, which analysts have previously associated with the start of upward price movements[1].

Some technical analysts believe holding above this support level could create conditions for price gains. If buying pressure increases and resistance levels are surpassed, projections include the possibility of a rally up to 200% from current prices[1]. Some observers are watching the $0.000025 mark as a potential target, which would more than double the token’s present value[3].

Analysis of on-chain accumulation trends provides further support for an optimistic outlook. Data from late May showed a 2,952% increase in whale inflows, interpreted by some as a sign of growing confidence among major holders[3]. Over 768 billion SHIB tokens have moved off exchanges, suggesting that large investors are prepared to hold through near-term volatility in search of greater returns[3]. Such actions typically reduce market volatility and can help moderate the scale of short-term selloffs[3].

In addition, whale-related trading volume has increased by 61%. If current trading patterns continue, some forecasts suggest a potential 37% rise in SHIB’s price over June 2025[4].

With technical indicators and whale accumulation patterns now receiving heightened attention, market participants are watching to see whether recent high-volume transactions will drive future gains or if sellers will maintain their current influence.

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1. FXLeaders, June 5, 2025, “Shiba Inu (SHIB) Faces Critical Support Test, Whale Activity Surges 992% Amid $36.6M Coinbase Transfer” https://www.fxleaders.com/news/2025/06/05/shiba-inu-shib-faces-critical-support-test-whale-activity-surges-992-amid-36-6m-coinbase-transfer/
2. ZyCrypto, Date unknown, “Shiba Inu at Make-or-Break Moment: SHIB Whales Move to Cold Storage as Sellers Dominate Market” https://zycrypto.com/shiba-inu-at-make-or-break-moment-shib-whales-move-to-cold-storage-as-sellers-dominate-market/
3. Brave New Coin, Date unknown, “Shiba Inu Price Prediction: SHIB Price Chart Signals Major Move Toward $0.000025 as Whale Inflows Surge 2,952%” https://bravenewcoin.com/insights/shiba-inu-price-prediction-shib-price-chart-signals-major-move-toward-0-000025-as-whale-inflows-surge-2952
4. Binance Square, Date unknown, “SHIB Whale Trading Volume Surges 61%, Possible 37% Price Increase in June 2025” https://www.binance.com/en/square/post/24928394588841