Shiba Inu Whale Activity Hits 6-Month High, Signaling Potential Market Movement

A surge in whale transactions on the Shiba Inu (SHIB) network has hit a six-month high, indicating potential market shifts. On June 5, 2025, over 24.3 trillion SHIB moved, as tracked by IntoTheBlock, highlighting activity from significant players known as whales. This volume spike coincides with historical patterns of whale activity preceding significant market changes, whether it be accumulation (strategic buying) or distribution (sell-off). Despite the recent price stagnation below $0.000012, this unusual movement suggests that influential entities are positioning for a larger move. A notable support zone above $0.000012 and a potential rally if momentum increases await.