SHIB Whale’s Strategic Move: 3 Trillion Tokens Shifted Amid Market Stagnation

In a notable development within the shiba inu (SHIB) ecosystem, a major whale has transferred 3 trillion SHIB tokens, worth approximately $38 million, from Coinbase to a private wallet. This move comes as SHIB's price lingers around $0.00001299, with a 4% dip observed on the day of the transfer. Whale Alert data confirms that the tokens were not sold but moved to self-custody, indicating the whale's sustained confidence in SHIB's long-term potential. Despite this show of faith, SHIB has struggled to gain significant momentum in the broader market. The transfer underscores the strategic positioning of large holders amid current market conditions, potentially signaling a bullish outlook for the asset's future.

SHIB Whale Moves 3 Trillion Shiba Inu Coins Amid Market Stagnation

A significant Shiba Inu (SHIB) holder transferred 3 trillion tokens, valued at approximately $38 million, from Coinbase to a private wallet. The move occurred as SHIB's price hovered near $0.00001299, with the token dipping 4% on the day of the transfer.

Whale Alert data confirms the tokens were not sold but relocated to self-custody, signaling continued confidence in the asset. Despite this, SHIB has failed to gain momentum, declining another 4% this week and remaining among 2025's underperforming cryptocurrencies.

The whale's retention of such a substantial position offers a counterpoint to bearish sentiment, suggesting institutional players maintain long-term exposure to the meme coin. Market observers note this contrasts with retail traders' growing impatience amid SHIB's prolonged stagnation.

Doggy DAO Expands Governance with New Flexible Voting Strategies

The Shiba Inu ecosystem's governance body, Shib Doggy DAO, has rolled out a significant update aimed at broadening community participation and decentralizing power. The new framework introduces multiple voting mechanisms, moving beyond the traditional staking-based model to include direct token-based and quadratic voting.

Proposal creators can now choose from three distinct voting strategies. The original staking-based method remains, while the new ERC-20 token voting allows users to vote directly from their wallets without staking. Quadratic voting, the most notable addition, is designed to curb the influence of large holders by making additional votes exponentially more expensive.

This overhaul targets a more equitable governance structure for the multi-token ecosystem, which includes SHIB, BONE, LEASH, and TREAT tokens. The changes reflect a growing trend in decentralized governance to balance participation and prevent dominance by wealthy entities.

Shiba Inu's Key Support Levels Could Spark Significant Rebound, Analyst Suggests

Shiba Inu (SHIB) has retreated 4.5% over the past 24 hours amid sideways market movement, compounding a 35.5% year-to-date decline. The memecoin now trades at $0.00001261, having fallen outside the top 20 cryptocurrencies by market capitalization.

Technical analyst MMB Trader identifies two critical support levels at $0.000010 and $0.000007 that have historically absorbed selling pressure. These price zones triggered rebounds in July 2022, June/October 2023, and most recently during March-June 2024. The token's resilience at these thresholds suggests established demand areas where buyers consistently emerge.

The analyst outlines a potential 170% surge to $0.00003364 should SHIB break its descending trendline, with further targets at $0.00005480 (330% gain) and $0.00007716 (500% upside). These projections find precedent in SHIB's March 2024 rally from $0.00000967 to $0.00004567 during meme coin mania.

Shiba Inu Could Surge 170% to $0.00003364 if Trendline Breaks, Analyst Says

Shiba Inu (SHIB) may be poised for a significant breakout if it clears a key descending trendline, according to technical analyst MMB Trader. The memecoin has demonstrated resilience at two critical support levels—$0.000010 and $0.000007—which have historically absorbed selling pressure during market downturns.

The $0.000010 level has proven particularly robust in 2024, with SHIB bouncing from this zone in March, April, and June. A decisive break above the current trendline could trigger a 170% rally to $0.00003364, with potential for up to 500% gains in an extended bullish scenario.

Market participants are watching these technical levels closely as SHIB continues to trade within a defined range, offering both downside protection and upside potential.