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On January 3rd, a significant whale transaction involving 8.18 trillion SHIB coins, valued at $195.1 million, has drawn attention to Shiba Inu’s market movements.
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This activity aligns with a broader trend in the market, where large transaction volumes have surged by a staggering 2004% within a 24-hour window.
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“The influx of significant trading activity indicates a possible shake-up within the market dynamics of SHIB,” noted a COINOTAG market analyst.
This article delves into the recent whale movements in Shiba Inu, exploring the trading behaviors and market sentiments surrounding this memecoin.
Whale moves 8.18 trillion SHIB
On January 3, 2024, SHIB experienced a bullish breakout from a double-bottom price action pattern, leading into a consolidation phase that lasted nearly three days. During this period, a potential whale executed a prominent transfer of 8.18 trillion SHIB coins from CryptoCom exchanges to a personal wallet. This maneuver coincided with a wave of upward market momentum, contributing to SHIB’s relative stability during the transfer.
Source: X
However, the euphoria was short-lived; following the U.S. market’s opening bell, a highly anticipated report from the Institute for Supply Management (ISM) caused a market downturn, leading SHIB to break down from the previous consolidation phase with a notable price drop exceeding 14.5%.
Whales’ recent activity
The recent price fluctuations have showcased a contrasting behavior between retail and institutional investors. According to data from the on-chain analytics provider IntoTheBlock, large transaction volumes increased dramatically, evidencing a 2004% surge in activity over the preceding 24 hours. Such metrics suggest heightened participation primarily from whales and seasoned investors looking to capitalize on potential dips.
Source: IntoTheBlock
Additionally, Coinglass reported that exchanges encountered a withdrawal of $7.04 million worth of SHIB coins during this turbulent market period. This outflow reflects a strategic accumulation trend amidst declining prices, portraying a bullish sentiment among long-term holders.
Traders’ strong bets on long
The sentiment leans heavily toward optimism among traders as well. Coinglass’s latest SHIB Long/Short Ratio hits an impressive 2.04, marking the highest level yet in 2025, indicative of a dominant bullish outlook. Currently, approximately 67.16% of top traders maintain long positions, while a smaller 32.84% opt for shorts, a sign that suggests widespread confidence in a price rebound.
Source: Coinglass
Amid these shifts, current on-chain data indicates that bullish forces are prevailing, positioning SHIB favorably for a possible recovery in the near future.
Shiba Inu’s technical analysis and key levels
According to the latest technical assessment from COINOTAG, SHIB’s recent price decline has brought it into contact with crucial horizontal support levels and the 200 Exponential Moving Average (EMA) on a daily chart. This alignment presents a favorable setup for potential upward momentum going forward.
Source: TradingView
Should SHIB maintain its position above the 200 EMA, projections suggest a potential surge of up to 80%, targeting the $0.00003939 mark, although this will necessitate a sustained period of consolidation.
As of now, SHIB trades around $0.0000217, reflecting a decline of over 10% within a 24-hour time frame. Nonetheless, the trading volume has surged by approximately 80% during this period, highlighting intensified participation from both traders and investors.
Conclusion
The recent movements in Shiba Inu signify shifting dynamics, with whale activity and bullish trader sentiment potentially setting the stage for a price rebound. As market participants navigate the fluctuating environment, the outlook for SHIB remains cautiously optimistic, awaiting further indications from on-chain metrics and technical analysis.
