A recent report from market intelligence firm Santiment suggests that Shiba Inu (SHIB), a competitor of Dogecoin (DOGE), could experience a significant surge in value as whale activity around the meme-based asset increases.
According to Santiment’s analysis, large investors making transactions exceeding $100,000 have historically preceded price peaks for digital assets.
“The history indicates that substantial increases in $100,000 whale transactions often occur just before price peaks. A notable example took place in December 2017 when Bitcoin reached nearly $20,000 for the first time. On December 13, 2017, there was a record-breaking number of 62,317 whale transactions in a single day, signaling significant profit-taking by major investors.”
While this pattern could signal an upcoming price correction, Santiment clarifies that whale activity does not always lead to a downturn. High-net-worth investors often buy during market dips rather than selling.
“At times, whale transactions can indicate potential price bottoms as whales demonstrate accumulation. An instance of this was observed following the market crash in early May 2021. While many retail traders panicked after Bitcoin’s 45% drop between May 8 and May 18, 2021, Santiment data revealed a sudden surge in whale activity. Instead of selling, whales were buying the dip.”
The crypto analytics firm suggests that SHIB is currently experiencing a rally driven by whale activity.
“Despite being overshadowed by Dogecoin and other speculative assets, Shiba Inu, the second-largest meme coin, witnessed a significant spike of 527 whale transactions on June 5, 2025, the largest in five months. Since then, the coin’s market value has grown by 10%. Considering previous instances of whale activity preceding price rallies, this could be an indication of a continued upward trend.”
Currently, SHIB is trading at $0.000012, reflecting a 5.5% decrease for the day.
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