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Shiba Inu (SHIB) has seen a sharp uptick in whale activity, prompting speculation over a possible price rally. According to data from IntoTheBlock, large holder inflows jumped from 96 billion SHIB on April 13 to a staggering 224.34 billion SHIB on April 14. This spike has ignited interest across the crypto community, particularly as large-volume transactions—typically over $100,000—rose by 173%, totaling around 1.31 trillion SHIB worth $15.66 million.
Whale inflows often signal accumulation by big investors preparing for significant price action. However, despite the bullish activity, SHIB’s price has dipped 2.75% over the past 24 hours, currently trading at approximately $0.00001192. Additionally, total trading volume dropped by 17.73%, indicating waning retail interest after the recent volatility.
The mixed signals have left investors divided. While some view the increased whale transactions as a precursor to a breakout, others remain cautious due to SHIB’s inability to maintain momentum. The token recently rejected resistance at $0.00001200 and continues to trend downward under a descending trendline. Support currently sits near $0.00001160, a critical level for avoiding further declines.
Meanwhile, the Shiba Inu ecosystem is evolving. Developers have introduced the Karma system, a gamified user engagement tool currently in beta. Functioning similarly to experience points in video games, Karma rewards active users, potentially boosting participation and long-term demand for SHIB.
Karma works like an XP system—just like in gaming. As mentioned in the podcast, it’ll be used across our ecosystem and, combined with Reputation and Aura, will help foster trust. Keep in mind, though, that Karma scores and levels are in BETA and may still change. https://t.co/CQXBXVVIRP
— Kaal (@kaaldhairya) April 14, 2025
According to SHIB developer Kaal Dhairya, the Karma system is part of a broader push to enhance utility and interaction within the network. If successful, such ecosystem upgrades could bolster sentiment and strengthen SHIB’s fundamentals.
Technically, if SHIB holds above current support and reclaims resistance at $0.00001200, analysts see potential for a breakout toward $0.00004. Still, with price action showing uncertainty, traders are watching closely for confirmation of a bullish reversal—or signs of further downside.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Shiba Inu Burn Rate Spikes 2000% — Price Pump Incoming?
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
