The Shiba Inu (SHIB) cryptocurrency has seen a significant surge in large transactions over the past 24 hours, prompting speculation about whether whales are making strategic moves. Data from IntoTheBlock indicates an impressive 28.7% increase in large transaction volume for SHIB, suggesting a major shift in investor activity. During this period, a group of large investors moved a staggering $2.6 trillion worth of SHIB tokens, which translates to approximately $48.8 million at current market prices. This surge coincides with the recent price rally of SHIB, marking a potential change in investor sentiment and behavior. 24-hour volume data estimates the total value of large transactions exceeding $100,000. This metric is indicative of increased activity from institutional players, indicating they are either buying or selling tokens. This spike in whale activity comes as SHIB’s price has surged by both 5.2% and 8.9%, respectively, within the past week and month. The surge in prices may be prompting larger investment purchases from whales, who believe in the meme coin’s long-term potential. Notably, a wallet holding over $1.48 million in crypto recently transferred 12 billion SHIB to Bitvavo, a prominent European cryptocurrency exchange. While the exact motive behind this transfer remains unclear, it coincides with SHIB hitting short-term resistance on its price chart. Analysts suggest that if Bitvavo’s books start absorbing these tokens, there could be some pressure on SHIB’s price. Conversely, if the asset is left untouched, it might simply indicate a shift in ownership rather than a sign of major market manipulation.