The Shiba Inu $SHIB community is buzzing with optimism as whale accumulation surges, signaling a potential price recovery for the popular memecoin. In a remarkable development, a major whale has acquired 220 billion tokens worth approximately $4.63 million within just 24 hours. This acquisition is part of a broader trend where whales have amassed an impressive 2.3 trillion tokens over the past week.
Since the beginning of 2025, SHIB has experienced a 10% price increase, currently trading at $0.00002272. This upward movement is attributed to strong buying pressure and positive market indicators, reflecting growing confidence among investors.
Analysts are closely monitoring the situation, noting that the increased activity from whales, coupled with a reduction in supply due to transfers into private wallets, is fueling $SHIB’s upward momentum. If this trend continues, predictions suggest that SHIB could potentially reach $0.000023 or even higher.
However, caution remains as analysts warn that if bullish momentum falters, the price could retreat to $0.000020. As the market evolves, all eyes will be on SHIB to see if it can maintain its upward trajectory amidst fluctuating conditions.