Over 100 trillion SHIB was accumulated in 2025 – Is a potential rally incoming?

• SHIB large transactions spiked $7.75 million on 21 April.

• SHIB address activity has declined to levels last seen in October.

Shiba Inu [SHIB] whale activity (large transactions) spiked by 95% during the early Asian trading session on Monday. According to the blockchain analytics platform, IntoTheBlock, $7.75M was moved by large players.

Source: IntoTheBlock

But was the spike in whale interest enough for SHIB to rally higher?

Assessing SHIB’s recovery and potential for rally

COINOTAG evaluated the impact of past large transaction spikes on the SHIB price. In November 2024, whale activity surged from 4 trillion SHIB to nearly 30 trillion SHIB tokens, leading to a significant rally of approximately 100% for the memecoin. This highlights the potential market influence exerted by influential holders within the Shiba Inu ecosystem.

Source: IntoTheBlock

However, not all spikes in whale activity have historically been followed by immediate price surges. For instance, on January 6, a significant transaction saw an increase from 1.5 trillion SHIB to 15 trillion SHIB, yet the price experienced a decline afterward. A similar occurrence in March also led to stagnant price action.

Therefore, while the recent spike in whale transactions signifies increased interest, it is insufficient standalone evidence to predict a long-term bullish trend for SHIB. Moreover, there is a crucial network metric to consider: SHIB’s address activity has recently declined by nearly 30% over the past 24 hours, indicating reduced market engagement.

Source: Santiment

The decline in address activity to numbers comparable to those recorded last October, about 4,000, indicates a lack of interest in SHIB. Nevertheless, there are indications that some market participants are accumulating SHIB aggressively at these levels. For instance, SHIB’s supply on centralized exchanges has decreased significantly—from over 140 trillion to below 100 trillion SHIB by 2025.

Over this same timeframe, more than 100 trillion SHIB have been bought and effectively moved off exchanges, demonstrating a clear trend of accumulation, as illustrated by the decrease in supply on exchanges compared to the supply held outside of exchanges.

This consistent accumulation could pave the way for a potential rally, especially if a positive catalyst emerges in the macroeconomic landscape. Additionally, ongoing efforts to burn excess supply are beneficial for establishing a potential price floor for SHIB.

Source: SHIB/USDT, TradingView

On the price chart, SHIB has increased by 23% in April. However, it faces significant resistance at the 50-EMA (Exponential Moving Average, represented in blue) at $0.0000129, which coincides with April’s high of $0.000013. Thus, for SHIB to achieve its monthly target, it must successfully surpass this resistance level.

Conclusion

In summary, while the recent spike in whale activity could suggest a potential rally for SHIB, it remains to be seen whether this will translate into sustained price growth. With decreasing address activity and certain resistances on the price chart, traders should remain aware of market sentiments and external factors that could influence SHIB’s trajectory moving forward. Monitoring for critical catalysts and ongoing accumulation trends will be essential.