Shiba Inu (SHIB) Whales Ignite Market with Massive Accumulation

The Shiba Inu (SHIB) market witnessed a dramatic surge in whale activity this week as large-scale investors seized the opportunity to buy the dip. On-chain data reveals that on Monday, whale wallets accumulated a staggering 10.4 trillion SHIB tokens, valued at over $110 million. This represents the most significant single-day accumulation in five months and came shortly after SHIB's price touched a 16-month low of $0.00001005 over the weekend. This aggressive bargain hunting from major players likely fueled the subsequent 17% price rally from those lows, as the token rebounded with the broader cryptocurrency market, which stabilized following recent geopolitical tensions. Bitcoin (BTC), for instance, reclaimed key levels, trading near $106,476 after a brief weekend dip. The massive inflow into SHIB suggests a vote of confidence from deep-pocketed investors, who appear to be establishing positions in anticipation of a potential trend reversal.

SHIB Price Analysis: Descending Triangle Signals Key Breakout

From a technical standpoint, Shiba Inu's price action is forming a critical pattern that traders are watching closely. While the initial recovery was strong, momentum has since consolidated, with the price charting a descending triangle on the hourly charts. This pattern is defined by a downward-sloping trendline acting as resistance and a horizontal support base. Significant volume-based support was established at the $0.00001158 level during a 24-hour period from June 24 to June 25, where trading volume swelled to 439 billion SHIB. Further analysis of short-term price action shows a notable spike between 07:25 and 07:27 on June 25, with volume hitting 12.36 billion SHIB as the price tested the session high of $0.00001175. A decisive breakout above the descending trendline and the $0.00001175 resistance could signal a continuation of the recovery, potentially targeting the June 16 high above $0.00001230. Conversely, a failure to hold the horizontal support and a breakdown from the triangle could indicate a bearish reversal, unwinding the recent gains.

Broader Crypto Market Shows Signs of Profit-Taking Amid Macro Optimism

While SHIB whales make waves, the rest of the crypto market is showing early signs of fatigue and profit-taking. Although Bitcoin has held firm, recently trading at $106,612, many major altcoins have begun to retrace. Dogecoin (DOGE) saw a notable decline of nearly 4%, while other large-caps like Solana (SOL) and Cardano (ADA) posted 24-hour losses of 1.78% and 2.58%, respectively. BNB also slipped, trading at $653.69 with a minor loss. Ether (ETH), which had previously outperformed BTC due to strong ETF inflow speculation and bullish derivatives activity, also showed signs of cooling. After briefly pushing above $2,800, ETH has since corrected and was last seen trading around $2,485. This widespread, albeit modest, profit-taking suggests that while overall sentiment remains constructive, cautious traders are locking in gains as many tokens approach local resistance levels, creating a more challenging environment for further immediate upside across the board.

Institutional Interest and Macro Tailwinds Support Constructive Outlook

Despite the short-term cooling, market analysts point to a strengthening underlying structure and favorable macroeconomic shifts. Augustine Fan, Head of Insights at SignalPlus, noted in a message that “Mainstream sentiment on crypto has turned around noticeably, especially on the back of Circle’s successful IPO, with Gemini and Bullish having filed their own listing intentions.” Fan also highlighted the growing trend of corporate BTC treasury strategies and excitement around stablecoins as key drivers. This positive sentiment is echoed by Jeffrey Ding, Chief Analyst at HashKey Group, who pointed to external economic factors. “The U.S.-China deal progress and softer CPI data are encouraging signs for global markets, easing inflationary pressures and creating a more stable economic outlook,” Ding stated, expressing optimism that digital assets will continue to grow as these factors resolve. This confluence of improving macro conditions and growing institutional integration is creating a powerful tailwind for the asset class. Thomas Perfumo, an economist at Kraken, commented on this dynamic, stating, “The broad rally in crypto markets reflects its evolving role as a macro hedge amid rising real yield volatility and growing concerns over fiscal deficits.” Perfumo added that the adoption of structural vehicles like spot ETFs is absorbing supply much faster than anticipated, creating a virtuous cycle for the market.