Shiba Inu (SHIB), one of the most talked-about memecoins, has been showing intriguing market activity lately. Despite limited price movement, recent data reveals a significant uptick in whale transactions and shifting token reserves. This could signal potential opportunities or risks for traders and investors alike. Let’s explore the latest developments around SHIB and decode what they could mean for its future.
Shiba Inu Whale Transactions Jump 111%
According to CryptoQuant, the overall on-exchange supply of SHIB dropped significantly during the past few months. Between June 2025 and early December, exchange reserves fell from over 88 trillion SHIB to around 81 trillion SHIB. Such declines often indicate increased off-exchange withdrawals, hinting that long-term investors may be stockpiling SHIB tokens into cold wallets.
Interestingly, whale transactions surged by 111% over the same period, showcasing renewed interest from large holders. Despite this increased activity, SHIB struggled to escape its range-bound trading pattern. Data from Santiment revealed that whale wallets’ ongoing accumulation failed to generate significant price movement as of late December, underscoring a market in flux.
Stagnant Price Action: What’s Holding SHIB Back?
While SHIB briefly traded sideways within the $0.0000083–$0.0000089 range in December, increased on-exchange reserves gradually pressured its recovery. Exchange reserves began stabilizing in early December, climbing slightly to 82 trillion SHIB. This trend reflects renewed inflows, as traders prioritized liquidity over cold storage, temporarily loosening SHIB’s upward momentum.
On the technical side, SHIB’s Relative Strength Index (RSI) hovered near neutral levels as trading volumes remained subdued. Analysts speculate that a breakout would require a more pronounced drop in exchange reserves, coupled with stronger whale accumulation and robust volume increases.
The Road Ahead for Shiba Inu
Despite the constrained momentum, signs of demand improvement persist. Bulls looking for a reversal could target levels around $0.0000095, with extensions reaching $0.00001 if broader market conditions improve. Conversely, consistent selling pressure might push SHIB below $0.0000083, exposing it to a potential slide toward $0.0000078.
Market fragility remains a key concern, especially with whale wallets holding significant SHIB supplies. Even small behavioral shifts among large holders have the potential to amplify volatility, keeping traders on edge as the market awaits clearer trends.
Explore Crypto Market Tools and Resources
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With the crypto market constantly evolving, staying informed is key to managing risks and identifying opportunities. As SHIB continues to consolidate, only time will tell whether renewed whale activity sparks a fresh trend or keeps the memecoin stuck in its current range.
