The cryptocurrency market witnessed a dramatic turn for Shiba Inu (SHIB) this week as the meme coin plummeted to a 13-month low, briefly dipping below the critical $0.00001 threshold for the first time since February 2024. Despite the sharp decline, on-chain data reveals a striking counter-trend: crypto whales have aggressively accumulated over 874 billion SHIB tokens in recent days, signaling potential confidence amid broader market uncertainty.
This juxtaposition of price weakness and strategic accumulation has sparked renewed interest in SHIB’s near-term outlook. Is this dip a temporary correction—or the beginning of a deeper downtrend? And what do whale movements suggest about future price direction?
SHIB Drops to 13-Month Low After Breaking Key Support
On Monday, Shiba Inu’s price fell to as low as **$0.0000098**, marking its weakest level in over a year. The drop followed a breakdown below key psychological support at $0.00001, a level that had held steady through much of early 2025 despite volatile market conditions.
The breach came amid declining trading volume and bearish sentiment over the weekend, culminating in a sharp sell-off early Monday. Analysts attribute part of the downward pressure to escalating macroeconomic concerns—particularly following former U.S. President Donald Trump’s announcement of new tariffs on Chinese imports earlier in the week.
While not directly linked to cryptocurrency fundamentals, such geopolitical developments often trigger risk-off behavior across digital assets, especially among speculative tokens like meme coins.
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Despite the initial panic, SHIB showed signs of resilience. Price quickly rebounded by over 4%, climbing back above $0.000014 and settling just above the day’s Volume Weighted Average Price (VWAP). This recovery suggests that strong buying interest emerged after the breakdown, possibly from large investors positioning for a potential reversal.
Whale Accumulation Signals Strategic Confidence
One of the most compelling developments during this downturn is the surge in whale activity. According to on-chain analytics platform IntoTheBlock, wallets holding at least 0.1% of the total SHIB supply—classified as "large holders"—have been net buyers over the past four days.
From April 2 to April 6, these major investors collectively purchased more than 874 billion SHIB tokens, representing one of the largest accumulation phases in recent months.
This buying wave began just hours after Trump’s tariff announcement on April 2, suggesting that some institutional-grade players may view geopolitical volatility as an opportunity to acquire undervalued assets.
Why Whale Movements Matter
Whales often use cold storage and private custody solutions, meaning their purchases typically reflect long-term conviction rather than short-term speculation. Sustained accumulation by these entities can reduce circulating supply on exchanges, tightening liquidity and potentially setting the stage for future price appreciation.
With approximately $10.4 million worth of SHIB being quietly absorbed from the open market, this trend could indicate growing confidence in underlying developments—such as upgrades to the Shibarium Layer-2 network or expanding utility within the Shiba Inu ecosystem.
👉 See how smart money moves before major price shifts—and how you can track them too.
Moreover, reduced exchange supply tends to limit selling pressure, making it harder for bears to push prices lower without triggering strong countertrend reactions. That may partly explain why SHIB bounced back above VWAP despite hitting a multi-month low.
SHIB Price Analysis: Is $0.000010 a Bottom?
While the rebound offers cautious optimism, technical indicators suggest the recovery remains fragile. SHIB tested the $0.000010 zone multiple times in early April, each time seeing temporary support—but no confirmed reversal.
Currently trading around $0.0000115, the coin faces strong resistance at **$0.000015**, a level it must reclaim with sustained volume to shift momentum in favor of bulls.
Key Technical Signals
- Chande Kroll Stop (CKS): The blue-marked CKS indicator has moved below current price levels, indicating diminished short-term downward momentum.
- Relative Strength Index (RSI): Sitting at 37.63, RSI remains in bearish territory, with a slight divergence suggesting weakening downside acceleration but insufficient bullish follow-through.
- Volume Trends: Trading volume has declined during the bounce, signaling tepid investor confidence and raising doubts about the sustainability of any rally.
For a true bullish reversal to take hold, SHIB needs to:
- Close above $0.000015 with strong volume,
- Maintain position above the Chande Kroll Stop,
- And ideally reclaim the $0.000042 level—a former support now acting as resistance.
Failure to achieve these milestones increases the risk of another leg down toward fresh lows.
FAQ: Your Top Questions About SHIB’s Current Move
Q: Why did SHIB drop below $0.00001?
A: The breakdown was driven by a mix of macroeconomic concerns—including trade tensions—and weak weekend trading activity that eroded investor confidence, leading to a cascade of sell orders.
Q: Are whale purchases a reliable bullish signal?
A: While not foolproof, consistent accumulation by large holders often precedes price rebounds. Whales usually act on deeper analysis or early insights into ecosystem developments, making their moves worth watching.
Q: What is Shibarium, and how does it affect SHIB’s value?
A: Shibarium is Shiba Inu’s Layer-2 scaling solution designed to enable fast, low-cost transactions. Its growth in adoption—measured by active users and dApp deployment—can increase demand for SHIB as a utility and staking asset.
Q: Can SHIB recover to $0.0001 in 2025?
A: Reaching $0.0001 would require a nearly 9x increase from current levels. While possible in a strong bull run with significant ecosystem growth, it remains unlikely without major catalysts such as exchange listings, institutional adoption, or viral use cases.
Q: How can I track whale activity for SHIB?
A: Tools like IntoTheBlock, Nansen, and Glassnode provide real-time dashboards showing large wallet movements, exchange flows, and accumulation trends—key metrics for spotting early shifts in sentiment.
Final Outlook: Caution Meets Opportunity
Shiba Inu stands at a pivotal juncture. On one hand, technicals remain weak, sentiment is fragile, and macro headwinds persist. On the other, the silent but steady accumulation by whales suggests that savvy investors see value in today’s depressed prices.
For retail traders, this environment calls for patience and precision. A close above $0.000015 with rising volume could confirm a shift in momentum. Until then, the $0.000010 level will remain a critical battleground.
Whether this is a fleeting relief rally or the foundation of a broader recovery depends on two factors: continued whale support and broader market stabilization.
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As always, investors should conduct thorough research, monitor on-chain metrics closely, and avoid emotional trading decisions during high-volatility periods.
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