The largest investors, popularly referred to as crypto whales, have dipped their fins into Shiba Inu (SHIB) right before the market rebound started. Recall that the geopolitical squabbles had recently sent the crypto markets to embrace the fifty shades of red, with the flagship asset Bitcoin (BTC) plummeting to as low as $98.4K at one point last weekend.
Shiba Inu Rescued With 10T Whale Grab
Getting battered by the merciless crypto bears, the Japanese guard dog-encrusted Shiba Inu coin (SHIB) switched it up after hitting a new yearly low of $0.00001029 on June 23, 2025. Fortunately, the double bottom pattern played out well for Shiba Inuโs price, dodging the feared bearish scenario of adding another zero.
Thanks to these crypto whales who gulped over 10 trillion Shiba Inu (SHIB) tokens at the presumably discounted price, the meme coin whipped up 9% gains in the rebound rally that kicked off on Monday evening.
Sponsored
The latest stats from IntoTheBlock reveal that Shiba Inu holders between 10 to 100 trillion tokens have enlarged their positions from 182.48 trillion on Sunday to 192.48 trillion on Tuesday, implying sufficient crypto whale confidence to spark up a rebound rally for SHIB.
Whatโs Coming Up For SHIBโs Price?
The current Shiba Inu price setup evolves around the retest of $0.00001223, a key resistance level depicted in red color in the chart below. Combined with a positive Chaikin Money Flow (CMF) meter due to heavy crypto whale involvement, Shiba Inuโs price has successfully reclaimed the lowest & mid-tier Bollinger Bands (BOLL), portrayed in green & blue colors.
Other critical on-chain metrics, such as the Parabolic Stop & Reverse (SAR), also pointed to a favorable setup for bulls to take over. Namely, the Parabolic SAR is used to determine potential price trend reversals & oversold conditions.
Right now, Shiba Inu (SHIB) is switching hands at $0.00001174, constrained in a narrow price range between $0.00001155 & $0.00001178 for the past 24 hours, according to CoinGeckoโs stats.
On The Flipside
- The falling Shiba Inu burn rates failed to uplift market confidence, as only 1 million, or just $13, was burned in the latest 24-hour timeframe.
Why This Matters
During such buying sprees, crypto whales are expecting the bottom of a downward trend. However, even the most seasoned crypto investors donโt have a perfect record of timing the market trends.
Explore DailyCoinโs hottest crypto scoops:
Trump Mediaโs New Crypto ETF Targets Bitcoin and Ethereum
Ripple Price Wavers Amid XRP Ledgerโs Software Upgrade
People Also Ask:
Whales bought 10.4T SHIB tokens, boosting demand and driving the price up. This sparked market hype and trading volume.
Whales are big investors holding massive SHIB amounts, often moving markets with their trades. Their 10.4T grab signals confidence.
SHIB is a meme coin on Ethereum, used for DeFi, NFTs, and payments in some ecosystems. Its utility grows with projects like Shibarium.
Whale buys can pump prices short-term, but cryptoโs volatile. Market trends and broader adoption will shape SHIBโs future.
The 9% spike is promising, but cryptoโs risky. Research SHIBโs roadmap and only invest what you can afford to lose.
