Shiba Inu Whale Snatches 220 Billion Tokens: Can $SHIB Reach $1?

Shiba Inu has seen a strong increase in price since the beginning of 2025, benefiting from the widespread rise of the cryptocurrency market before the Trump administration supported cryptocurrency to take control of the White House on January 20th.

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The recent SHIB price was just over $0.000024, up 14% in the past three days, but recent surge in whale activity suggests that the price may rise even higher this month.

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According to Look on chain, a whale withdrew 220 trillion SHIB tokens worth $4.6 million earlier this week after being inactive for a year.

Whales are often regarded as "smart money" when they buy in at favorable prices, with a good risk-reward ratio and a high short-term price increase potential. Therefore, some people may interpret the recent movement of this whale as a buy signal.

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Chart Analysis of Shiba Inu Also Shows Higher Potential for Price Increase Chart analysis also indicates that the price of Shiba Inu will continue to rise in the coming weeks and months. Over the past two weeks, SHIB has found strong support as its uptrend has bounced back from its lowest level in the summer of 2024.

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Recently, the price also witnessed a strong recovery from the DMA 200 line last month and rose back on Friday to test the important resistance level around $0.000024. Simple chart analysis shows that the possibility of recovery to the highest level of December is 0.000033 dollars can occur.

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It can be said that the fundamental factors are supporting the possibility of further price increases in the coming weeks.

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The new Trump administration, enthusiastic supporters of cryptocurrencies, will come to the White House in just over two weeks, signaling the beginning of a new golden age for the US cryptocurrency industry and the market in general. People are very hopeful that Trump or the Congress will establish a strategic Bitcoin reserve, which will accelerate global accumulation and inject a large amount of liquidity into the cryptocurrency market.

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