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Shiba Inu price is back in the spotlight, not because of a meme or a marketing stunt, but due to a massive $6 million sell-off by a legendary early whale who originally spent just $3,800 on SHIB. This move comes at a time when SHIB's price has dropped around 10 percent, triggering both panic and speculation.
But what really stands out isn’t the sell—it’s the quiet accumulation happening underneath the noise. Whales have been buying hundreds of billions of SHIB during this dip, even as retail sentiment weakens. Combined with shrinking exchange supply and a steady burn rate, the current landscape sets the stage for something bigger than just a bounce. This isn’t just about a single transaction. It’s about what these movements signal, and whether SHIB is is quietly preparing for its next major breakout.
Shiba Inu Price Prediction: Is Shiba Inu Gearing Up for a Surprise Comeback?
A whale just unloaded 250 billion SHIB, pocketing $6.05 million in the process. That’s not small change. But the plot thickens when you realize this whale originally spent only $3,800 back in August 2020 to scoop up over 15 trillion SHIB. At SHIB’s all-time high, that stash was worth more than $1.2 billion.
Even after selling off a chunk, this investor still holds over 2 trillion tokens valued at $52 million, banking a total profit of around $109 million. The story doesn’t stop there.
In the middle of a 10 percent price drop, several whales—including that same early investor—moved 400 billion SHIB to Gemini.
At first glance, it looks like sell pressure. But here’s the thing: analysts and on-chain data tell a different story. Historically, whale accumulation during price dips has often signaled a coming rebound. The fact that major holders are buying and transferring tokens right now could mean they’re setting up for another round. Not a pump, but a strategic buildup.
So, what does this mean for SHIB’s price?
Confidence from whales at this stage, especially in the middle of a downturn, is important. These aren’t emotional traders. Their buys are calculated, and often done in consolidation phases when volatility is suppressed and public interest fades.
It’s a move we’ve seen before: soak up supply while prices are low, reduce available tokens on exchanges, and wait for demand to kick in. Less supply, same or rising demand—prices tend to respond.
In the past few days, over 13 million SHIB have been burned. It’s not a headline figure, but it’s part of the pattern. When burns coincide with large buys, it sets up conditions for a possible squeeze. The implication is clear: while retail might be scared off by the 10 percent dip, long-term holders are quietly making moves.
The Price Action Behind the Headlines
SHIB/USD Daily Chart- TradingViewThe daily Shiba Inu Price chart tells us this: SHIB has slipped below its middle Bollinger Band, showing bearish momentum. It’s hugging the lower band right now, which typically means it's in oversold territory or nearing it.
But here’s what matters more. Price action over the last ten sessions shows a string of red Heikin Ashi candles, but they’re shrinking. Momentum is fading. That often marks the start of a base formation before a potential reversal.
Support sits close at 0.00001100, a level marked by previous consolidation in late June. As long as this holds, there’s room for a rebound, especially if accumulation continues and on-chain burn trends persist. Upside resistance appears near 0.00001400, around the mid-July cluster. That’s the first line SHIB would need to reclaim to suggest momentum is shifting.
Shiba Inu Price Prediction: What’s next?
If whale accumulation persists and exchange supply keeps falling, SHIB price could bottom out soon and start grinding higher. If it breaks back above the 20-day moving average and the middle Bollinger Band, momentum could shift back toward bulls. Until then, price might chop sideways between 0.00001100 and 0.00001300.
But if demand kicks in faster than expected, especially from retail or new market inflows, and the burn rate spikes, SHIB price could be looking at a rapid move back to 0.00001600 and beyond.
For now, the smart money isn’t exiting. It’s shifting pieces on the board. Watch what the whales are doing—not just what the price is saying.
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