Shiba Inu Surges 14x: Examining the Astronomical Rise of 14 Trillion SHIB Tokens

Shiba Inu Sees Surge in Whale Activity and Price Dynamics

Shiba Inu, the popular meme coin, is once again in the spotlight as its price and on-chain activity show notable movement. Recent data from IntoTheBlock reveals a dramatic spike in large whale transactions, with 14.4 trillion SHIB changing hands in just 24 hours—a level not seen in months.

Key Support Level in Focus

The token is currently holding near a critical support level around $0.0000125, briefly dipping below it last week before rebounding to $0.0000129. This price zone has historically acted as both support and resistance, making it a focal point for traders.

Whale activity at this level suggests a potential turning point. While the price remains below the 50 and 100 EMAs—typically a bearish signal—the sudden surge in large transactions hints at deeper market movements.

Market Sentiment and Technical Indicators

SHIB's Relative Strength Index (RSI) sits at 44, indicating neutral-to-slightly oversold conditions. If buying pressure continues, there’s room for upward momentum. The timing of high-volume transactions during flat price action suggests coordinated moves rather than retail-driven trading.

Whales could be accumulating quietly or preparing for a larger market shift. Either way, their activity signals potential volatility ahead.

What’s Next for SHIB?

A breakout could occur if SHIB reclaims the $0.0000138 resistance and pushes toward the 100 EMA. However, if momentum falters, another test of the $0.0000125 support is likely. A failure to hold this level could open the door for a drop below $0.000011.

This recent activity marks SHIB’s first significant movement in weeks. The coming days will reveal whether this is the start of a new uptrend or a strategic exit by major holders.