In recent price struggles, Shiba Inu (SHIB) whales have started to accumulate SHIB tokens in hopes of sparking a new round of rallies for the token. The Shiba Inu (SHIB) ecosystem frequently makes headlines. Although this well-known meme coin network is still relatively new to the market, it has successfully garnered significant attention. However, when the attention comes from whales, it often stimulates investor interest in the token.
Recently, SHIB's price has declined. The asset has fallen by 17% over the past 30 days, and the SHIB community hopes that the start of 2025 is not a bad omen for the year. However, SHIB whales are clearly taking their time to buy into the recent dip. According to data from a cryptocurrency market expert on X, a whale transferred approximately $39 million worth of 1.6 trillion Shiba Inu coins (SHIB) from Crypto.com to a private wallet.
Such whale activity often heralds substantial price action; when whales enter the market, they do so to accumulate or purchase to initiate an accumulation phase. These transactions also indicate the potential for a rebound, which is exactly what SHIB desperately needs right now. The Shiba Inu network team hopes to bring a glimmer of hope to SHIB prices with their recent announcement.
The developers of Shiba Inu announced the highly anticipated TREAT token, surprising the market. This brand new token is expected to launch on January 14. 'The new year starts with TREAT,' stated a team announcement. 'The wait is over, TREAT will launch this January. Let’s welcome 2025 with a bang!'
Will the Shiba whales trigger a rebound after encountering difficulties in 2025?
The cryptocurrency market holds high hopes for Shiba Inu (SHIB) and other markets in 2025. The community has been waiting for the meme coin to reach the coveted $0.01 mark, or at least to set a new all-time high. However, SHIB's performance has been quite slow, with trading prices still over 70% below ATH. Despite the increased utility and efforts from the Shiba Inu network and whales, the price of the meme coin seems to be moving rather sluggishly.
The latest whale movements have hardly pushed Shiba Inu's price up. As of the time of writing, the token has risen less than one percent in the past 24 hours. The market capitalization of Shiba Inu is $12.78 billion, down 8.75%, similar to its price. Fortunately, trading volume has increased by 78.87%, reaching $867.4 million.
The increase in trading volume may be due to heightened market activity and traders and investors reacting to whale transfers and speculating on the token's next moves. Therefore, the latest whale transfer may provide the necessary momentum for SHIB to take off in 2025.