Shiba Inu (SHIB) whales are currently accumulating SHIB tokens amidst recent price fluctuations, with hopes of igniting a new rally for the cryptocurrency. The Shiba Inu (SHIB) ecosystem consistently makes headlines, showcasing its ability to capture significant attention even as a relatively new player in the market. When these major investors, or whales, start showing interest, it often creates a ripple effect, attracting further investor enthusiasm for the token.
Recently, SHIB has suffered from a downturn in price. The asset is down 17% in the last 30 days, with the SHIB community hoping that 2025’s start isn’t a bad omen for the year. SHIB whales, however, are apparently taking the time to buy in on the recent dip. According to Crypto.com data seen from a crypto-market expert on X, a whale moved over 1.6 trillion Shiba Inu coin (SHIB) tokens worth about $39 million from Crypto.com to private wallets.
Such whale activity usually signals massive price action, and when the whales enter the market, they enter it to accumulate or buy to initiate accumulation phases. These transactions also indicate potential for a rally, something that SHIB is in desperate need of right now. The Shiba Inu network team is also looking to spark a light under SHIB price with a recent announcement.
The developers behind Shiba Inu surprised the market with the announcement of the much-awaited TREAT token. This brand-new token is expected to hit the market on January 14. “The new year begins with TREAT,” an announcement from the team reads. “The Wait is OVER, TREAT is launching this January. Let’s kick off 2025 with a bang!”
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