ETH Whale Scoops Up 50 Billion Shiba Inu Amidst Price Slump: Is a Breakout Coming?

Amidst Shiba Inu’s dull price action, an unknown ETH whale bought an eye-popping 3.7 trillion SHIB tokens which are worth roughly $90 million. But recently, a different whale made headlines.

According to data shared by Whale Stats, the Whale buys 50 billion SHIB. The Ethereum whale going by the name Jiraiya has purchased $1,072,473 worth of Shiba Inu (49,998,760,270 tokens), according to data.

Why the Sudden Shiba Inu Whale Activity?

The purchase by "Jiraiya" raises questions about market sentiment and potential future price movements. Is this a sign of confidence in Shiba Inu\'s long-term potential despite the current inert price action? Or is it a strategic move to accumulate SHIB at a low price point, anticipating a future rally?

Shiba Inu Price Analysis: A Breakout on the Horizon?

However, in the last year, Shiba Inu price has been showing signs of breaking out. In 2025, it broke resistance at $0. , and it is now attempting to convert this level into support. This recent whale activity could be the catalyst needed to fuel further price increases.

Keep an eye on Shiba Inu\'s performance as it attempts to consolidate above this key resistance level. The combination of whale accumulation and positive price action could signal a significant shift in market sentiment.