Shiba Inu Whale Snaps Up 220 Billion Tokens – $1 SHIB Doable?

Shiba Inu (SHIB) has been on a tear for the reason that begin of 2025, benefitting from a broad crypto market rally forward of the arrival of the pro-crypto Trump administration within the White Home on January twentieth.

The SHIB value was final simply above $0.000024, up 14% prior to now three days, however a current bounce in whale exercise suggests extra upside might be in retailer this month.

Per Lookonchain, a whale withdrew 220 trillion SHIB token price $4.6 million after being dormant for 5 months earlier this week.

Whales are sometimes seen as “sensible cash” shopping for when costs are favorable, risk-reward is nice and the probability of a near-term rally is excessive.

As such, some would possibly interpret this whale’s current transfer as a purchase sign.

Shiba Inu Chart Evaluation Additionally Suggests Extra Upside

Chart evaluation additionally suggests extra upside for the Shiba Inu value within the weekend and months forward.

Up to now two weeks, SHIB has discovered sturdy assist at its uptrend from the summer time 2024 lows.

It additionally just lately noticed a robust bounce from its 200DMA final month, and on Friday rose again to check key resistance round $0.000024.

Easy chart evaluation thus suggests a restoration again to December highs within the $0.000033s is on the playing cards.

Fundamentals arguably assist the case for extra upside within the coming weeks.

The incoming and avidly pro-crypto Trump administration will arrive within the White Home in simply over 2 weeks, signaling the beginning of a brand new golden age for the US crypto business and markets extra broadly.

Hopes are excessive that Trump, or Congress, set up a strategic Bitcoin reserve, which might kick begin a worldwide accumulation fee, injecting large liquidity into the crypto markets.

Extra broadly, a pro-crypto regulatory setting is conducive of fast crypto and adoption of main altcoins, like Ethereum.

This might assist to spur accelerated inflows into Ethereum ETFs, benefitting Ethereum ecosystem meme cash like Shiba Inu (SHIB) or Pepe (PEPE).

At any second, meme coin season may come dashing again, and as one of many main cash within the house, SHIB can be a significant beneficiary.

How Excessive Might SHIB Go?

SHIB’s market cap was final round $14 billion, per CoinMarketCap, leaving it nonetheless down over 70% from its 2021 document highs.

A 4x rally again to document highs is definitely on the playing cards as the present bull market matures.

Whether or not SHIB can go on to fly past its prior highs and in the direction of a market cap of round $100 billion stays to be seen.

Shiba Inu has a large and devoted neighborhood of traders, and with its massive and rising web3 ecosystem, it definitely deserves its present market cap.

However, for a $100 billion market cap to be achievable, the crypto markets would probably must turn out to be extremely emotional and irrational. And we stay a great distance from this level.

A greater method to bag 10x or extra good points in meme coin markets is perhaps to put money into newer, smaller and lesser-known meme coin with a lot of development and vitality potential.

Analysts at cryptonews.com assume a brand new DAO-powered vote-to-earn meme coin known as Flockerz (FLOCK) might be simply the ticket.

The FLOCK presale has already raised a large greater than $8.6 million, with huge demand an indication that this meme coin may actually pop when it launches quickly.

In style crypto YouTuber ClayBro discusses why FLOCK has huge upside potential within the video under.

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