CryptoQuant data shows large Shiba Inu (SHIB) wallets pulled 174.8 billion tokens off exchanges — a move traders often interpret as bullish. When big holders move coins into private wallets, the immediate supply available for selling on exchanges shrinks, which can support price strength if demand rises. That withdrawal coincides with recent upticks on SHIB’s daily and 14-day charts, suggesting whales may be positioning for an expected rebound.
Why whales might be buying now
- The market got a boost after a surprisingly large drop in U.S. inflation: the Consumer Price Index fell 0.4% in June, the biggest single-month decline in over six years. That data strengthened expectations that interest rates will stay on hold, which typically improves risk appetite for crypto investors. Whale accumulation of SHIB looks like a response to this macro signal — a tactical entry ahead of a potential upswing.
Where SHIB stands historically
- Shiba Inu has been under pressure for more than a year. It peaked around $0.00003 in December 2024 and has largely trended downward since, failing even to recover when Bitcoin surged to a new all-time high of $126,080 in October 2025. So while the recent whale activity and short-term chart gains offer cause for optimism, SHIB remains far from a full recovery.
Risks that could derail the rebound
- The macro environment still carries meaningful downside risks. Geopolitical tensions — notably the U.S.-Iran conflict — have pushed oil prices higher, a development that could push inflation back up in July 2026. If inflation resurges, the Federal Reserve might tighten policy again, which would weigh on risk assets like SHIB and potentially negate the bullish implications of current whale accumulation.
Bottom line
Whale-led withdrawals of 174.8 billion SHIB and recent short-term price gains give bulls a reason to hope, but broader macro and geopolitical risks mean any rally could be fragile. For traders and investors, the takeaway is cautious optimism: the setup looks constructive, but pending inflation and rate moves will be decisive for whether SHIB can sustain a meaningful recovery.
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