 
 
Shiba Inu (SHIB) is once again in the spotlight after a whale activity that saw over 1.28 trillion tokens scooped up in just 24 hours.
This large-scale move has triggered strong reactions from analysts and key voices within the SHIB community.
Lucie, the lead marketing strategist for the Shiba Inu ecosystem, drew attention to the surge, citing on-chain data from IntoTheBlock. Notably, the buying activity coincided with SHIB reclaiming the $0.000013 mark, a development that has reignited bullish sentiment across the market.
Elsewhere, on Friday, crypto analyst Luckside Crypto suggested that there is a growing investor confidence and long-term accumulation on SHIB.
“We are very quickly seeing the amount of SHIB available in the market dissipate,” he stated. “People are accumulating and removing from exchanges. They are unwilling to leave it there. They’re prepping for long term.”
 
This outflow brought the available SHIB supply on exchanges down to 83.4 trillion, the lowest ever recorded. According to Luckside, such a sharp drop typically precedes significant price movement, especially when paired with a rise in open interest.
Luckside highlighted an unprecedented imbalance between long and short positions.
“There is currently a 17% imbalance to the long side. We’ve never seen it this high for Shiba Inu,” he explained. Open interest surged 10% in just 24 hours, increasing by $17 million, levels last seen in early June.
While he cautioned that short-term volatility and liquidations are possible, Luckside maintained that the overall setup remains favorable for SHIB’s next leg up.
“These are the moves that lead us on these big surges, these big breakouts,” he said.
However, according to him, SHIB must break above the 200-day moving average, currently at $0.00001634, to confirm longer-term strength.
Despite the technical momentum and whale interest, retail participation remains limited. “We’re not seeing these big exciting times where your mom’s sister’s dog’s cat is watching the crypto market.” Luckside added.
Still, the fundamentals continue strengthening. In just one day, 1 billion SHIB were burned, and holders increased to a record 1,521,014.
Additionally, analyst MasterAnanda recently issued a bold price projection for SHIB, predicting a rally of up to 1,529%. He believes the token is still early in its bull cycle and has just broken out from a descending triangle formation that started in March 2024.
According to his analysis, SHIB could first aim for $0.00003203, a key Fibonacci retracement level, before pushing further to $0.00006767 and $0.0001032.
Notably, his most ambitious target lies at $0.000220491, representing a 1,500%+ move from current levels.
“This weekly candle is now full green, and everything is about to turn positive crazy. What does Shiba Inu has in store for us?” the analyst noted. “A new all-time high to start. I am giving you all of the targets for Shiba Inu (SHIBUSDT). The highest one is 0.000220491. Total profits potential reach 1,558% from current price.”
At press time, SHIB is trading at $0.00001342, reflecting a 1.56% surge in the past 24 hours. Still, the meme coin is up 13.12% in the past week as per CoinMarketCap data.
Source: https://zycrypto.com/shiba-inu-0-00022-dream-1-18-trillion-shib-whale-buy-sparks-1500-rally-vision/