SHIB Surges 35% as Dormant Whale Accumulates 30 Billion Tokens

Woofun AI reports that Shiba Inu delivered a startling 35% rally while the broader cryptocurrency market remained largely stagnant, driven by significant whale activity and accelerating token burns. This anomalous price action, monitored by Arkham Intelligence, has reignited speculation regarding SHIB’s potential to recover from months of underperformance and cautious investor sentiment.

The primary catalyst for this movement was the re-emergence of a previously inactive whale investor. After remaining on the sidelines for more than seven months, this entity executed a single, massive transaction to acquire 30.18 billion Shiba Inu tokens directly from Binance. The purchase, valued at approximately $125,000, marked the first significant accumulation by this wallet in over six months, signaling a shift from passive holding to active market participation.

Price action reflected this sudden influx of demand, with SHIB beginning its ascent late Saturday after trading below $0.0000042. Aggressive buying pressure quickly pushed the asset above the $0.0000052 level, with momentum sustaining through Sunday to reach nearly $0.0000058. This peak represented the highest valuation in more than two months, reversing a downward trend that had seen SHIB fail to hold above $0.0000067 in May before sellers forced prices down toward $0.000004.

Woofun AI data shows the rally propelled Shiba Inu back into the top 30 cryptocurrencies by market capitalization, with its total value exceeding $3.3 billion . This performance solidified SHIB’s status as the second-largest meme coin, significantly outpacing sector peers. While DOGE climbed about 5.5% and PEPE advanced roughly 9%, and Memecoin (M) added around 4%, SHIB’s 35% gain demonstrated superior relative strength within the meme coin category.

Structurally, on-chain metrics provided further validation for the bullish case. Shiba Inu’s burn rate surged more than 3,200% during the past day, while weekly burns increased by roughly 500%, permanently removing millions of tokens from circulation.

Concurrently, CryptoQuant data indicates a continued decline in SHIB balances on centralized exchanges, a trend that reduces immediate selling pressure and enhances long-term scarcity as supply shrinks.

Technical analysts noted that SHIB has broken above critical resistance zones and key trendlines that had previously capped rallies. These breakouts are likely attracting momentum traders seeking confirmation of a trend reversal. Community sentiment mirrored this technical optimism, with long-term holders celebrating the price action on social media as a reward for years of patient accumulation, suggesting a growing base of conviction among core investors.

The convergence of whale accumulation, reduced exchange reserves, and accelerated burning creates a robust foundation for continued upside. As selling pressure diminishes and scarcity increases, the current trajectory suggests that SHIB may sustain its bullish momentum if institutional and retail participation remains aligned with these on-chain fundamentals.