The cryptocurrency market is constantly evolving, and attention is currently turning to Shiba Inu (SHIB), a token that has recently attracted the interest of whales despite a notable price drop. While SHIB has experienced a 17% drop over the past 30 days, institutional investors seem to be taking advantage of this opportunity to accumulate tokens, hoping to trigger a rally.
The increase of the whale accumulator
Recently, Shiba Inu whales have started buying tokens in large quantities, with an impressive transfer of over 1.6 trillion SHIB, representing approximately 39 million dollars. These movements are often considered key indicators in the market, signaling a potential accumulation that could precede a significant price increase. Whales, by their ability to influence the market with their transactions, play a crucial role in the dynamics of the SHIB price.
This accumulation occurs in a context where the Shiba Inu community hopes that the beginning of 2025 will not be a bad omen. The whales seem to believe in the token’s resilience and its potential to bounce back despite recent challenges. Indeed, the increased activity of whales can also spark renewed interest among retail investors, thereby creating a positive dynamic around the token.
The future prospects for Shiba Inu
In parallel to these movements, the team behind Shiba Inu announced the imminent launch of a new token, TREAT, scheduled for January 14. This announcement could serve as a catalyst to stimulate interest and demand around SHIB. The new features and the increase in the token’s utility are essential to attract investors again and revive market momentum.
Despite these promising developments, SHIB is still far from its historical peak, currently trading more than 70% below that level. Although SHIB’s market capitalization is still significant, the sluggish price movements raise concerns about its ability to reach the goals set by the community. However, with a notable increase in trading volume and the growing interest of whales, it is possible that 2025 will be a decisive year for Shiba Inu.
