Shiba Inu Faces Crucial Moment: Whales Pile into SHIB as TREAT Launch Looms

• Recent Shiba Inu whale activity includes a transfer of 1.6 trillion SHIB tokens (~$39 million) to private wallets, signaling potential accumulation amid a 20% monthly price drop.
• The TREAT token launch on January 14, 2025, is likely to act as a major catalyst for SHIB price action.

Shiba Inu (SHIB) price is currently in a pivotal phase, trading at approximately $0.00002167 today. Despite a difficult start to 2025, the meme coin has sparked significant interest among whale investors. Adding further complexity to the situation, the upcoming TREAT token launch scheduled for January 14, 2025. It could serve as a key catalyst for the SHIB price action.

Shiba Inu Whale Activity

Recent data reveals that just five Shiba Inu Whale wallets dominate the ecosystem, holding an incredible 565 trillion SHIB tokens that account for nearly 57% of the circulating supply, reported CNF. Even more shockingly, one wallet dominates this space, holding close to 41.7% of all SHIB tokens. Such a concentration in a few hands increases potential market volatility, which often gives way to sharp price movements.

Whale activity has been very evident over the past month, with over 1.6 trillion SHIB tokens valued at roughly $39 million transferred from Crypto.com to private wallets. This transfer is seen as a strategic accumulation wherein whales are possibly eyeing a rebound as SHIB’s price dropped by 20% in a month.

This comes as the Shiba Inu community is looking forward to the launch of the TREAT token. The SHIB team has declared the TREAT token as a major event for the ecosystem, per the CNF report. Hence, the launch of the TREAT token may significantly affect market sentiment and attract new interest and liquidity into the SHIB network. Developers are optimistic that the new launch will be a catalyst for the next phase of Shiba Inu’s growth.

Meanwhile, the Shiba Inu project is conducting a massive token-burning process that is supposed to eliminate 77 trillion SHIB tokens from circulation. This reduction in total supply will likely make the market tight, thus potentially creating upward price pressure as long as the demand remains strong.

What’s Next For SHIB Price?

Moreover, today, SHIB showed signs of a rebound as it gained over 3%. In addition, the market cap surged to $12.78 billion. From a technical perspective, Shiba Inu’s price has moved into an oversold territory as evidenced by the latest Bollinger Band signals.

Source: TradingView

The lower band is located 3.58% below the current price, which increases the chances of a price bounce. Traders are keeping a close eye on the resistance levels, including the upper Bollinger Band at $0.0000246 and the 20-day moving average at $0.0000223. These are key levels to watch for Shiba Inu’s recovery in the short term, with some traders expecting a 321% surge in 2025, per the CNF report. 

Though Shiba Inu’s price fell below 70% of the all-time high, the confluence of a few different factors may influence its direction. First, the new TREAT token will be hitting the market. Second, there’s been notable whale accumulation. Third, with the latest SHIB burn initiative, supply should shrink. 

Nonetheless, the main risk remains high because a few wallets hold most of the tokens, causing large price swings. Thus, traders should pay attention to the key support at $0.00002079 for a potential rebound in SHIB price.