This Dogecoin Rival Could Go Higher Amid Increased Whale Activity, Says Analytics Platform Santiment
New information from the market intelligence agency Santiment reveals that Dogecoin (DOGE) rival Shiba Inu (SHIB) may skyrocket as whale exercise across the meme asset will increase.
In a brand new evaluation, Santiment says that traditionally, deep-pocketed buyers making strikes value over $100,000 have predated peaks in costs for digital property.
“Historical past has proven that seismic upticks in $100,000 whale transactions usually come simply earlier than costs peak. One of the telling examples occurred in December 2017, when Bitcoin hit practically $20,000 for the primary time. On December 13, 2017, the variety of whale transactions soared to a then-record-breaking quantity of 62,317 in a single day, signaling main profit-taking by massive buyers.”
Whereas this might imply an ensuing crash is coming after the rise in worth, Santiment says whale exercise doesn’t all the time essentially imply that is the case, as high-net-worth buyers are inclined to additionally buy throughout dips moderately than promote.
“Generally they can be utilized to search out worth bottoms, as whales present indicators of accumulation. One such second got here following the crash of early Might 2021.
Whereas most retail merchants had been in a flat-out panic after Bitcoin dropped ~45% between Might 8 and Might 18, 2021, Santiment information confirmed sudden spikes in whale exercise. As an alternative of promoting, whales had been shopping for the dip.”
The crypto analytics agency goes on to say that SHIB at present seems to be within the midst of a whale-driven rally.
“The second-largest meme coin in cryptocurrency could also be closely overshadowed by Dogecoin and different varied smaller speculative property nowadays. However this newest spike of 527 whale transactions on June 5, 2025, was the biggest in 5 months.
Since this time, the coin’s market worth has grown by 10%. Primarily based on what we learn about sudden spikes in whale exercise as costs are falling, this could possibly be a very good signal that it’s just the start of an additional worth rally.”
SHIB is buying and selling for $0.000012 at time of writing, a 5.5% lower on the day.
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