Shiba Inu (SHIB) is showing signs of a strong comeback as whale activity appears to be on the rise. After a period of decline, large transaction volumes for SHIB have surged by 61.45% in the last 24 hours, reaching $34.28 million, or approximately 2.38 trillion SHIB. This uptick in large transactions is raising questions about whether whales, or major holders, are returning to the market.
Shiba Inu’s Whale Activity Rebounds
Data from IntoTheBlock reveals that large transaction volumes for Shiba Inu had been declining steadily, with a 74% drop recorded in the five days leading up to May 25. On May 20, the volume stood at 5.76 trillion SHIB, but by May 25, it had plummeted to 1.47 trillion SHIB. Large transaction volume refers to transactions worth more than $100,000, often considered a proxy for whale activity.
The 61% increase in large transactions is noteworthy, signalling that major investors might be either accumulating or redistributing SHIB tokens. Although the surge isn’t explosive, it still suggests a renewed interest from large holders. This uptick could be a sign that whales are positioning themselves for the next phase of SHIB’s market movement.
Shiba Inu Price Action and Market Sentiment
Shiba Inu remains largely consolidated between its 50-day and 200-day moving averages, which range between $0.0000135 and $0.0000181. Since May 24, SHIB has been range trading, with prices fluctuating between $0.0000139 and $0.00001475. This price action indicates a period of consolidation, where Shiba Inu’s price is struggling to break out in either direction.
The next significant move for SHIB could come when the price either breaks above or below its daily moving averages. Such a move would likely signal the next major trend, whether up or down. Traders and investors will also need to keep an eye on the broader cryptocurrency market to gauge overall investor sentiment, which could provide further clues on SHIB’s direction.
As of the latest update, Shiba Inu is showing modest intraday gains, up by 0.59% to $0.00001442. The daily Relative Strength Index (RSI) has flattened at the 50-midpoint level, which suggests that the market is likely to continue its range trading in the near future.
Related article: Shiba Inu Investors Stay Bullish Despite Bearish June 2025 Predictions and Recent Losses
Conclusion: Are Whales Preparing for the Next Move?
The 61% surge in large transaction volume is a notable development for Shiba Inu, indicating that whales may be re-entering the market. While the price remains within a tight range, the growing activity from large holders could signal that significant price movements are on the horizon. As the market consolidates, it’s essential for traders to watch the key moving averages and broader crypto market trends to anticipate SHIB’s next move.
