New knowledge from the market intelligence agency Santiment reveals that Dogecoin (DOGE) rival Shiba Inu (SHIB) might skyrocket as whale exercise across the meme asset will increase.
In a brand new evaluation, Santiment says that traditionally, deep-pocketed traders making strikes price over $100,000 have predated peaks in costs for digital property.
“Historical past has proven that seismic upticks in $100,000 whale transactions typically come simply earlier than costs peak. Probably the most telling examples occurred in December 2017, when Bitcoin hit practically $20,000 for the primary time. On December 13, 2017, the variety of whale transactions soared to a then-record-breaking quantity of 62,317 in a single day, signaling main profit-taking by massive traders.”
Whereas this might imply an ensuing crash is coming after the rise in worth, Santiment says whale exercise doesn’t all the time essentially imply that is the case, as high-net-worth traders are inclined to additionally buy throughout dips slightly than promote.
“Generally they can be utilized to seek out worth bottoms, as whales present indicators of accumulation. One such second got here following the crash of early Could 2021.
Whereas most retail merchants have been in a flat-out panic after Bitcoin dropped ~45% between Could 8 and Could 18, 2021, Santiment knowledge confirmed sudden spikes in whale exercise. As a substitute of promoting, whales have been shopping for the dip.”
The crypto analytics agency goes on to say that SHIB presently seems to be within the midst of a whale-driven rally.
“The second-largest meme coin in cryptocurrency could also be closely overshadowed by Dogecoin and different varied smaller speculative property today. However this newest spike of 527 whale transactions on June 5, 2025, was the most important in 5 months.
Since this time, the coin’s market worth has grown by 10%. Based mostly on what we learn about sudden spikes in whale exercise as costs are falling, this might be a superb signal that it’s just the start of an additional worth rally.”
SHIB is buying and selling for $0.000012 at time of writing, a 5.5% lower on the day.
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