SHIB whales are on the move again. And when I say on the move, I mean they’re making waves we haven’t seen in half a year.
Analytics firm Santiment dropped data yesterday showing Shiba Inu whale activity just hit its highest point since June 6. We’re talking about big players shuffling massive amounts of tokens around. The kind of movement that usually means something’s about to happen.
But while whales were busy moving tokens, exchanges suddenly got flooded with 1.06 trillion SHIB. Yeah, that’s a lot of zeros. So what’s the play here? Are whales loading up for a rally or preparing to dump on retail?
Whales Moving in Both Directions
The data gets messier when you look closer. Between December 3 and 4, someone pulled 169 billion SHIB tokens off Coinbase. Arkham Intelligence tracked six separate withdrawals from a fresh wallet. Moving coins off exchanges? That’s usually bullish. It means somebody wants to hold long-term.
But at the same time, other whales are doing the exact opposite. They’re moving SHIB onto exchanges. And we all know what that could mean. When big holders move tokens to trading platforms, they’re often getting ready to sell.
So you’ve got whales going both ways. Some are accumulating, others are possibly distributing. This is either genius positioning or total chaos. Maybe both.
Also Read: Deep Dive Into Layer 1 (L1) Blockchain
SHIB Price Action Right Now
SHIB is trading around $0.0000092 at the moment. That’s up about 6% in the last 24 hours. The market cap is sitting just under $5 billion, which makes it the 24th biggest crypto by size.
Not too shabby for what started as a joke coin, right?
CryptoQuant shows something interesting too. Both spot and futures markets are showing heavy whale orders with buy-side dominance. The funding rate flipped positive on December 9. Translation? More traders are betting on the price going up than down.
When funding rates switch from negative to positive, SHIB has historically rallied. Not always, but often enough to pay attention.
Trading volume went absolutely nuts over the weekend. Santiment clocked the SHIB ecosystem at $66.91 trillion in volume on Sunday. By Tuesday, it had cooled down to $4.01 trillion. Still, these are the highest numbers we’ve seen since summer.
Technical Setup Looking Decent
SHIB broke out of a falling wedge pattern on December 3. For anyone not deep in chart reading, that pattern usually leads to upward moves. The coin is now testing resistance right around $0.000010.
Some analysts are getting bullish. Javon Marks says a close above $0.00002 could set up a big move in 2025. His short-term target? $0.000081. That lines up with old resistance zones from previous bull runs.
Charts aren’t magic, though. They’re just one piece of the puzzle. But combined with all this whale movement? Worth keeping an eye on.
SHIB Is Building Real Stuff Now
Shiba Inu isn’t just riding meme hype anymore. The project’s layer-2, Shibarium, just crossed 1 billion transactions. That’s actual network usage, not just speculation.
Daily transactions on Shibarium hit 4,330 in mid-December. User growth? Up 4,000% according to recent figures. The ecosystem is growing beyond just token flipping.
They’re burning tokens too. Slowly, sure. With 589.25 trillion tokens floating around, it takes time. But every burn technically makes the remaining tokens slightly more valuable.
The ecosystem has partnerships with actual tech companies now. This isn’t 2021 meme coin territory anymore. SHIB is trying to build a legitimate infrastructure.
Also Read: Top 10 Meme Coins to Buy in 2026: Beyond Dogecoin & Shiba Inu
The Stuff Nobody Wants to Hear
Whale movements can signal accumulation. Or they can signal the exact opposite. When 1.06 trillion tokens hit exchanges, that’s serious potential selling pressure.
Exchange reserves are still holding 82.3 trillion Shiba Inu tokens. That’s 14% of all circulating supply. If whales decide to sell even a fraction of that? Prices could get ugly fast.
The broader crypto market isn’t exactly helping either. Bitcoin dominance is at 58.7%. When BTC dominates, altcoins usually struggle. The Fear and Greed Index is at 21, deep in fear territory. Shiba Inu is still down 32% over the last three months despite recent gains.
And let’s not forget what meme coins do. They pump hard. They dump harder. SHIB is down 70% from its December 2024 peak. This isn’t slow and steady growth. It’s violent swings in both directions.
What Experienced Traders Are Watching
Professional crypto traders aren’t just looking at price. They’re tracking exchange reserves. If more SHIB keeps flowing onto exchanges, that’s bearish. If withdrawals continue, that’s bullish.
Shibarium adoption matters too. Real utility beats hype every time. The network needs developers building actual applications, not just speculation.
Funding rates and open interest are key. Positive funding with rising open interest usually comes before rallies. But if open interest spikes while funding goes negative? That’s a warning sign.
And of course, Bitcoin. Whether we like it or not, BTC still controls the market. If Bitcoin can’t break resistance, altcoins are going to have a rough time.
So What’s the Verdict?
Shiba Inu whale activity is definitely heating up. Will it pump? Nobody knows for sure. The data is sending mixed messages. Accumulation is happening off exchanges while tokens pile up on them. Bullish chart patterns are fighting against bearish market conditions.
What I can say? Volatility is coming. When whales move this much volume, prices don’t stay calm. SHIB is going to move. The question is which way and how violent it gets.
If you’re holding or thinking about jumping in, know what you’re getting into. This isn’t blue-chip territory. This is a meme coin with real tech trying to prove it belongs. The next couple of weeks should give us answers.
Keep tabs on those whale wallets. Watch the exchange flows. And whatever you do, don’t bet money you can’t afford to lose.
What does whale activity mean for Shiba Inu price?
When whales move large amounts of SHIB, it usually signals that a big price move is coming. If they’re pulling coins off exchanges, that’s typically bullish because it reduces selling pressure. If they’re moving to exchanges, it often means they’re preparing to sell. Right now, we’re seeing both, which suggests major volatility ahead.
Is SHIB a good investment right now?
SHIB is extremely high-risk. The coin has real development happening with Shibarium, but it’s still heavily dependent on market sentiment and meme culture. If you’re considering it, only use money you’re completely fine with losing. This isn’t a safe investment by any stretch.
What makes current whale movements different from before?
This is the highest volume of large SHIB transfers since June. What makes it unusual is that whales are moving in opposite directions at the same time. Some are accumulating, while others are moving to exchanges. This kind of contradictory movement usually happens right before major price swings.
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Disclaimer:
Look, we’re just journalists reporting the news here, not your financial advisors. Everything you read above is for information purposes only. Crypto is wild, unpredictable, and can absolutely wreck your savings if you’re not careful. Never invest money you can’t afford to lose. Seriously, we mean it. Do your own research, talk to actual licensed financial professionals, and remember that past performance means absolutely nothing when it comes to future results. The crypto market can turn on a dime, and what’s hot today might be toast tomorrow. We’re not responsible for your investment decisions, good or bad. Trade smart, stay safe, and don’t bet the farm on anything you read on the internet, including this article.


