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Massive 24T SHIB Surge Sets New 6-Month Milestone
Whale transactions hit 24.3 trillion SHIB, setting a six-month record.
SHIB consolidates above key $0.000012 support, with RSI near oversold.
Break above $0.0000138 may trigger rally; failure risks drop toward $0.000010.
Whales have stirred the waters of the Shiba Inu network in a big way. On June 5, 2025, whale transactions hit a staggering 24.3 trillion SHIB. That set a fresh six-month record. But this surge had nothing to do with price. Instead, it signals a possible shift in market sentiment. When smart money starts moving at this scale, traders take notice. Let’s explore what this massive movement could mean for SHIB’s next big play.
Whales Reposition as SHIB Consolidates
According to IntoTheBlock, the SHIB network recorded 522 significant transactions in a single day. This sudden spike suggests that whales or institutional players may be preparing for a larger market move. Historically, such activity often precedes sharp accumulation or distribution phases. During the surge, SHIB’s price remained steady around $0.000012. This indicates that the recent whale activity likely involved strategic positioning rather than chasing short-term price gains.
On the technical front, SHIB consolidates above a key support level at $0.000012. This zone has held firm in previous market cycles. Recently, however, SHIB dipped below the $0.0000134 support. That signals a broader bearish sentiment for now. The asset also remains trapped below its 100 and 200-day moving averages. This setup generally suggests that sellers still hold the upper hand. Despite this, a flicker of optimism appears on the chart.
What This Whale Surge Could Mean for SHIB’s Future
Trading volume has shown modest recovery. Meanwhile, the Relative Strength Index (RSI) sits near 39, close to the oversold threshold. This combination could spark a price reversal if buyers step in with force. The sheer volume of SHIB moved—over 24 trillion tokens—reshapes the network’s liquidity landscape. Large players adjusting positions at this scale rarely act without purpose. Such moves often lay the groundwork for future price shifts.
If bullish momentum gains traction, traders should watch the $0.0000138 level closely. A clean break above this resistance could open the path toward $0.0000156. That would represent a strong vote of confidence from the market. However, risks remain. If the $0.000012 support fails to hold, SHIB could retest the $0.000010 zone. Such a drop would likely shake out weaker hands before the next directional move.while SHIB’s current price may not reflect headline-grabbing action, beneath the surface, whales are on the move.
Their activity suggests a pivotal moment approaches. Whether this sets the stage for a bullish breakout or deeper correction remains to be seen. For now, traders would be wise to monitor the charts closely. When whales speak through their wallets, the market listens.