SHIB Price Rebounds as Whales Buy 1.6T Tokens
Shiba Inu Price Ends 7‑Week Downtrend After Whales Buy 1.6 Trillion SHIB — 40% Surge in Sight?
SHIB Bullish Breakout
Shiba Inu (SHIB) has finally broken a 7‑week downtrend, triggered by significant whale activity. Large investors – “whales” holding between 10T–100T SHIB – purchased around 1.6 trillion tokens, setting the stage for a potential 40% price rally.
What Whales Are Doing
Since late May, these whales have accumulated a cumulative 27.8 trillion SHIB, bringing their total holdings to about 192.9 trillion tokens.
On a single day, they snapped up 10.47 trillion SHIB—their largest daily accumulation in five months, and the second-largest this year.
Market Impact & Whale Behavior
While mega-whales (10T–100T SHIB) are buying massively, mid-sized holders (1T–10T SHIB) are selling off, offloading 26.5 trillion SHIB in June.
Smaller whales (100B–1T SHIB) continue to scale in, adding 9 trillion SHIB this month.
Price Spike Follows
The massive whale accumulation came alongside a 9.2% intraday surge—SHIB's largest daily gain this month—pushing the price to $0.00001169.
Analysts now cautiously eye the next 40% upswing, contingent on continued whale momentum and broader crypto sentiment.
Takeaway
Massive whale accumulation has broken SHIB’s prolonged downtrend, triggering a sharp rebound. If demand holds, SHIB could surge by ~40%. Traders should watch whale wallet trends closely—big moves could mean bigger profits.