Shiba Inu (SHIB) has experienced a strong rally since the beginning of 2025, coinciding with the broader crypto market's resurgence following the pro-crypto policies expected to take shape with the inauguration of a new Trump administration on January 20th. Over the past three days, SHIB has climbed 14%, reaching just over $0.000024. However, the latest whale activity suggests that further price movement could be on the horizon, potentially driving the token to even higher levels in the coming weeks.
A major whale has recently made waves by withdrawing a massive 250 billion SHIB tokens, valued at approximately $4.6 million, from a wallet after holding them for five months. According to data from Lookonchain, this large transaction has stirred speculation among market observers that the whaleโs action could signal confidence in SHIBโs potential. Whales, often seen as โsmart moneyโ in crypto, tend to make moves when market conditions, pricing, and potential returns are favorable. This whaleโs decision could suggest that SHIB is poised for another upward move.
Chart analysis of SHIB also supports the optimistic outlook, indicating that the token may continue to rise. Following a rebound from its 200-day moving average last month, SHIB has tested the $0.000024 resistance level, and many analysts believe this could lead to a return to the December 2024 high of $0.000033. With the broader market dynamics also pointing in SHIB's favor, including the expected pro-crypto policies from the incoming U.S. administration, the fundamentals suggest that the token has the potential for further growth in the near term.
Additionally, the expected boost from pro-crypto regulations under the Trump administration could accelerate the adoption of cryptocurrencies in the U.S., potentially benefiting Ethereum-based meme coins like Shiba Inu. As one of the leading meme coins, SHIB could see significant gains if the meme coin season returns, further fueled by potential increases in Ethereum ETF inflows. With all these factors at play, SHIB holders may be in for a promising ride ahead.
