Jakarta, Pintu News – By the end of the month, Shiba Inu (SHIB) had caught the attention of large investors or “whales” who started accumulating the token. With such high dominance in the market, the big question that arises is whether SHIB is ready for a big rally in September?
Santiment, an analytics platform, recently highlighted that Shiba Inu (SHIB) has a high degree of centralization. It is known that the top ten wallets control about 62% of the total 560 trillion tokens in circulation.
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This means that around 347 trillion SHIBs are in the hands of just a few holders, giving them huge influence over market dynamics. When these big wallets start adding to the amount of SHIBs they own, there is great potential for significant price movements.
Since late July, when SHIB reached a price of $0.000015, the largest whale groups have added nearly 1 trillion SHIB to their portfolios. This suggests a potential upward price push if the $0.000015 resistance can be broken.
Despite accumulation by whales, SHIB is still struggling to break the key resistance at $0.000015. With three failed attempts, the price returned to the support level. On August 25, SHIB bounced from $0.000012, marking this as a solid short-term floor after five bounces since July.
At this resistance level, traders managed to realize profits of nearly $9 million, and the open interest (OI) for SHIB surged past $300 million for the first time since the first quarter of this year.

However, selling pressure still dominated, resulting in OI declining back to $173 million in the following two weeks, indicating the dominance of profit-taking in the market.
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With open interest (OI) back to early July levels and selling pressure still strong, SHIB ‘ s September breakout prospects remain uncertain. If the supply cannot absorb the selling pressure, this could be the fourth failed attempt to break $0.000015.
Observations of whale activity and the fragile market structure paint a complex picture for SHIB. While there is potential for upside, factors such as centralization and whale dominance can also lead to high volatility and risk for small investors.
All in all, with all these factors, investors and market watchers should pay close attention to the dynamics happening around Shiba Inu. Whether September will be a turning point for the token or just another phase of high volatility, time will tell.
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