Recent analysis from Santiment suggests that the activity of whales, large investors who hold significant quantities of Shiba Inu (SHIB), may indicate a potential price surge for the meme coin. Data reveals that whale transactions exceeding $100,000 have historically marked important turning points in the cryptocurrency market. 2017’s Bitcoin example shows a sharp spike in whale activity before its price hit an all-time high. While this trend is often linked to profit-taking, Santiment emphasizes that it can also signal accumulation during dips. For instance, in May 2021, as the crypto market suffered a major downturn, whale buying surged—marking the beginning of a successful market rebound. Now, SHIB seems to be experiencing a similar pattern. On June 5, 2023, SHIB saw a surge in large transactions – the highest level in five months. This jump followed a 10% rise in SHIB’s market value. The Santiment report suggests that this whale activity may be an indication of continued price growth, despite the coin often being overshadowed by other speculative tokens. However, while past trends can offer insights, it is important to remember that whale transactions alone don’t guarantee future price movements, but they remain a crucial indicator for investors.