SHIB Whale Activity Soars, Price Stalls at Resistance
Key Takeaways
- The activity of large SHIB transactions (whale activity) rose by 95% to USD 7.75 million.
- Despite this, the price has yet to show a significant increase.
- The number of active addresses dropped to lows last seen in October.
- Over 100 trillion SHIB were withdrawn from central exchanges in 2025 – a sign of accumulation.
- April’s price increase is around 23%, but faces resistance at USD 0.0000129.
Strong Whale Activity – But No Price Reaction
On April 21, Shiba Inu (SHIB) recorded a significant increase in large transactions, according to data from IntoTheBlock. The volume of these so-called whale transactions rose to USD 7.75 million – an increase of 95% compared to the previous day. Such movements often indicate growing interest from institutional or high-capital investors.
In the past, similar spikes in whale activity have often led to price increases. For example, in November 2024, transaction volume jumped from 4 to 30 trillion SHIB – the price nearly doubled. A similar trend was observed in February 2025 following a whale surge.
However, there have also been counterexamples: In January and March 2025, transaction volumes rose sharply without any significant price reaction. The current development shows that whale activity alone is not enough to trigger a rally.
Declining Network Activity Dampens Expectations
In addition to large transactions, general network activity is also an important indicator. According to data from Santiment, the number of active SHIB addresses fell by nearly 30% over the past 24 hours. With approximately 4,000 active addresses, the figure is at the same level as in October 2024. This suggests waning interest among broader investor groups.
Quiet Accumulation in the Background
Despite the weak activity at the address level, another trend is emerging: accumulation. The amount of SHIB on central exchanges (CEX) dropped from over 140 trillion to under 100 trillion in 2025. At the same time, over 100 trillion SHIB were withdrawn from exchanges – a sign that investors intend to hold their tokens long term.
This development points to a strategic preparation for potential price increases. Long-term holders appear to be anticipating that an external catalyst – such as a macroeconomic event – could drive the price upward.
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Technical Resistance at USD 0.0000129
The price chart shows that SHIB has already gained 23% in April. However, the price is approaching a technical resistance level: the 50-day EMA (Exponential Moving Average) at USD 0.0000129. This value also marks the current monthly high.
A sustained breakout above this level could provide a new buy signal. If the price remains below it, sideways movement or pullbacks are likely.
Our Assessment
The recent increase in whale activity around Shiba Inu is a sign of growing interest from larger market participants. However, without a simultaneous rise in network activity, there is a lack of broad support for a sustainable rally. The declining number of active addresses indicates that many retail investors are currently on the sidelines.
At the same time, the strong accumulation outside of exchanges reflects a bullish sentiment among long-term investors. If an external trigger – such as a positive market trend or regulatory development – occurs, SHIB could see a significant short-term increase.
For now, the price remains below a key resistance level. Investors should keep a close eye on this area. New entries should be carefully considered – especially given the current low market activity.
Sources
- IntoTheBlock
- Santiment
- TradingView
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