- A Shiba Inu whale accumulated 220 billion tokens worth $4.63 million.
- SHIB has surged by 4.47% over the past 24 hours.
Shiba Inu [SHIB] has started 2025 on a high note. Since New Year’s Eve, the memecoin has surged from $0.000020 to a high of $0.000022. This marked a 10% increase over the past three days.
This trend has continued on daily charts. In fact, as of this writing, Shiba Inu was trading at $0.00002208, a 4.47% increase in 24 hours.
Prior to these gains, the memecoin had been on a downward trajectory. As such, SHIB had dropped by 25.50% on monthly charts.
The newfound momentum has left everyone discussing its underlying factors. According to analysts, increased whale accumulation is one driving force behind the recent upsurge.
Shiba Inu whale accumulates 220B tokens
According to Lookonchain, Shiba Inu whales were actively accumulating the memecoin. As such, over the past day, a whale withdrew 220 billion SHIB tokens, worth $4.63 million at press time.
This whale has been dormant over the past five months.
Source: Santiment
This whale accumulation occurred within a broader trend, as whales have been accumulating the memecoin over the past week.
Over this period, whales have increased their holdings by 2.32 trillion tokens, according to Santiment.
Source: Santiment
This accumulation trend is evidenced by the fact that transfers into exchanges have declined. Over the past week, SHIB’s exchange outflow has spiked, with the flow exchange balance turning negative.
Notably, when whales turn to accumulation, it shows their confidence in the market as they anticipate more gains after taking the recent dip as a buying opportunity.
Is SHIB set for price recovery?
As expected, the increased whale activity has positively impacted SHIB. As such, at press time, the second-largest memecoin was experiencing strong buying pressure and an upward momentum.
Source: TradingView
This buying pressure and upward momentum was evident through bullish crossovers on RSI and Stoch, confirming strong buying pressure and suggesting that an upward momentum has been building.
Source: Santiment
Additionally, Shiba Inu’s supply has reduced, as tokens are getting transferred into private wallets. As such, SHIB tokens have shifted from oversupply to increased scarcity, as evidenced by a rising stock-to-flow ratio.
The memecoin’s stock-to-flow ratio has surged from zero to 4.87 million tokens. When scarcity rises, and demand rises or remains constant, prices tend to rise.
Simply put, Shiba Inu is currently experiencing strong bullish sentiments and upward momentum as investors utilized the recent dip to accumulate.
Read Shiba Inu’s [SHIB] Price Prediction 2025–2026
With favorable conditions prevailing, SHIB could see more gains. If these sentiments hold, SHIB could reclaim $0.000023.
A breakout from here will strengthen the memecoin to hit $0.000026. Subsequently, if the recent move by bulls fails, SHIB could drop to $0.000020.
