Shiba Inu Price Soars After Whale Bought 530 Trillion SHIB – Is Breakout Near?

Jakarta, Pintu News – The price of Shiba Inu is targeting a strong rise after a period of consolidation, marked by a 6% surge on May 22 to reach a weekly high of $0.000015.

This increase came after SHIB whales accumulated 530 trillion tokens and burned 13 million tokens. With the positive momentum getting stronger, will the Shiba Inu price be able to break the four-year consolidation pattern?

Shiba Inu Price Forecast When the 4-Year Consolidation Pattern Is Still in Effect

In the past four years, the price of SHIB moved in a tight consolidation range between $0.000005 to $0.000096. The meme coin entered that range in mid-2021 after experiencing a sharp rise triggered by Vitalik Buterin’s burning of 400 trillion SHIB tokens.

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However, in the past year, the Shiba Inu price has started to show signs of breaking out of that consolidation boundary. In 2024, the price broke through resistance at $0.000014 and is now trying to turn that resistance into support.

To successfully change the market structure, the price must move above the highest moving average at $0.0000182.

If the price manages to cross this level and target the next resistance at $0.000037, Shiba Inu could potentially break out of its four-year consolidation pattern and even set a new record high at $0.00025.

Instead, the market’s attention is currently on Bitcoin’s record highs. With the increasing dominance of Bitcoin , the price movement of Shiba Inu could be affected and extend the consolidation pattern of SHIB, potentially dropping to $0.0000055.

Whale SHIB Accumulates 530 Trillion Tokens: Is This Causing Supply Pressure?

The decline in Shiba Inu prices from a four-year consolidation pattern may have been influenced by the accumulation of whales.

Data from Santiment shows that since January 2025, whales hold as much as 530 trillion SHIB tokens. This accumulation could lead to supply pressure for the largest meme coin, as the number of SHIBs held on exchanges drops by 5 trillion to 141 trillion.

Why this matters: In the SHIB rally of 2021, when the price of Shiba Inu soared by 27,020,216%, the main trigger was Vitalik Buterin’s burning of 400 trillion tokens.

Read also: Bitcoin Holds Strong at $110K Today (May 23, 2025) — Is a $200K Surge Just Around the Corner?

The whale accumulation that occurs along with the decrease in supply provides a bullish signal for the Shiba Inu price prediction. If the demand for this meme coin increases suddenly, it could trigger a large price rally.

13 Million SHIB Tokens Burned

According to Coingape (5/22/25), the burn rate of SHIB tokens is increasing rapidly, and this could also support a bullish price surge.

Data from Shibburn shows that in the last 24 hours, the SHIB burning process has removed more than 13 million tokens from circulating supply.

This increase in flaring adds to the bullish factors that could potentially lead to SHIB supply pressure in the near future, thus triggering a price spike.

Also, given that the SHIB price spike in 2021 came after a large increase in the burn rate, the same trend could again help drive prices up significantly.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Shiba Inu Price Surges as Whales Buy 530 Trillion SHIB, Breakout Imminent. Accessed on May 23, 2025