Shiba Inu Whale Snaps Up 220 Billion Tokens – $1 SHIB Possible?
Shiba Inu (SHIB) has been experiencing a significant surge in value since the beginning of 2025, benefiting from a broad rally in the cryptocurrency market ahead of the upcoming pro-crypto Trump administration taking office on January 20th.
The price of SHIB recently reached just above $0.000024, marking a 14% increase over the past three days. However, a recent spike in whale activity indicates the potential for further gains this month.
According to Lookonchain, a whale withdrew 220 trillion SHIB tokens valued at $4.6 million earlier this week after being inactive for five months.
Whales are commonly seen as “smart money” that buys when prices are favorable, the risk-reward ratio is attractive, and the chances of a short-term rally are high. Therefore, some may interpret this recent move by the whale as a signal to buy.
Shiba Inu Chart Analysis Also Suggests More Upside
Chart analysis further suggests a positive outlook for the Shiba Inu price in the upcoming weekend and months. Over the past two weeks, SHIB has shown robust support along its uptrend starting from the lows of the summer of 2024. It also recently experienced a significant rebound from its 200-day moving average last month and returned on Friday to test a key resistance level around $0.000024. Based on simple chart analysis, a recovery to the December highs in the $0.000033 range seems likely.
Fundamentals also provide support for the potential upside in the following weeks. With the imminent arrival of the strongly pro-crypto Trump administration in the White House in just over two weeks, it signals the beginning of a new era for the US cryptocurrency industry and markets at large. There are expectations that Trump or Congress may establish a strategic Bitcoin reserve, initiating a global accumulation trend that would inject substantial liquidity into the crypto markets.
Moreover, a pro-crypto regulatory environment promotes the rapid growth and adoption of major altcoins like Ethereum. This could lead to increased inflows into Ethereum ETFs, benefiting meme coins within the Ethereum ecosystem such as Shiba Inu (SHIB) or Pepe (PEPE). The resurgence of meme coins could happen at any time, and as one of the prominent coins in the sector, SHIB stands to gain significantly.
How High Could SHIB Go?
Currently, SHIB’s market capitalization is approximately $14 billion, as per CoinMarketCap, still down over 70% from its peak in 2021. A potential fourfold increase back to its record highs is conceivable as the current bull market progresses. The question remains whether SHIB can surpass its previous highs and reach a market cap of around $100 billion, which is uncertain at this point.
Shiba Inu boasts a large and devoted investor community, along with a substantial and expanding web3 ecosystem, justifying its current market cap. However, achieving a $100 billion market cap would require the crypto markets to become highly emotional and irrational, a scenario that is currently distant.
To potentially achieve substantial gains in meme coin markets, investing in newer, smaller, and lesser-known meme coins with significant growth potential might be a more viable strategy. Analysts at goldwebnexus.com suggest that a new DAO-powered vote-to-earn meme coin called Flockerz (FLOCK) could present such an opportunity.
The FLOCK presale has already raised over $8.6 million, indicating substantial demand and the potential for a significant increase upon its launch. Popular crypto YouTuber ClayBro discusses the substantial upside potential of FLOCK in the video below.
Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. There is a risk of losing all invested capital.