$1 SHIB Possible After Shiba Inu Whale Buys 250 Billion Tokens?
SHIB has been on a roll since 2025, benefiting from a crypto market boom before the pro-crypto Trump administration took office on January 20th.
In the last three days, the SHIB price has risen 14% to just over $0.000024, but whale activity implies additional potential this month.
After five months, a whale withdrew 250 trillion SHIB token worth $4.6 million this week, according to Lookonchain.
Whales are considered “smart money” buyers when pricing, risk-reward, and a near-term gain are favorable.
Some may see this whale's latest move as a purchase signal.
The Shiba Inu chart also suggests further upside.
Charts also anticipate Shiba Inu price gains this weekend and in the coming months.
SHIB's rise from summer 2024 lows has supported it for two weeks.
After rebounding from its 200DMA last month, it tested $0.000024 resistance on Friday.
Thus, simple chart analysis implies a return to December $0.000033 highs.
Shiba Inu Whale Buys 220 Billion Tokens
Fundamentals may support another upleg in the coming weeks.
In two weeks, the pro-crypto Trump administration will take over the White House, ushering in a new golden era for the US crypto sector and markets.
Trump or Congress creating a strategic Bitcoin reserve may spark a worldwide accumulation rate and pour massive money into crypto markets.
Pro-crypto regulations encourage fast crypto adoption and of big cryptocurrencies like Ethereum.
Ethereum ecosystem meme currencies like Shiba Inu (SHIB) and Pepe (PEPE) may gain from increased Ethereum ETF inflows.
As one of the top meme currencies, SHIB would benefit if meme coin season returned at any time.
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