On July 29, 2025, shiba inu (SHIB) experienced a sharp 12% decline, dropping from $0.000015189 to $0.000014130 as panic selling gripped the market. This sell-off led to a surge in trading volume, reaching 4.33 trillion tokens—far above historical averages. Despite the downturn, large investors, often referred to as 'whales,' capitalized on the lower prices, accumulating a staggering 4.66 trillion SHIB near the $0.000014060 support level. This aggressive accumulation suggests strong institutional confidence in SHIB's potential recovery and long-term value. The market's reaction highlights the volatile nature of cryptocurrencies, but the whales' actions indicate a bullish outlook for SHIB. As the dust settles, all eyes are on whether this accumulation will pave the way for a rebound or if further volatility lies ahead.
Shiba Inu Plunges 12% Amid Market Panic, Whales Accumulate Billions
Shiba Inu (SHIB) faced a steep 12% decline, dropping from $0.000015189 to $0.000014130 as panic swept through the market. The sell-off triggered heightened trading activity, with volume surging to 4.33 trillion tokens—far exceeding historical averages.
Whales seized the opportunity, accumulating 4.66 trillion SHIB near the $0.000014060 support level. This aggressive accumulation signals institutional confidence despite retail fears. Analysts now eye $0.0000142 as a key resistance level, with breakout potential contingent on sustained volume and sentiment recovery.
The token’s burn rate plummeted 95% during the crash, raising concerns about supply dynamics. Market observers are watching whether whale activity NEAR current levels could mark an accumulation zone for future gains.
Shiba Inu 17X Breakout In Sight After These Developments?
Shiba Inu's developer hub has rolled out critical upgrades, including validator guides, Shibarium bridges, and DeFi integration tools. The enhancements have catalyzed a surge in network activity, with Shibarium processing over 3.85 million daily transactions and surpassing 1.42 billion total transactions since launch.
Technical patterns suggest a potential bullish breakout for SHIB. The token's price is consolidating within a symmetrical triangle formation, with analysts projecting a 17x rally to $0.00023 if resistance levels are breached. The updated documentation portal, built on Mintlify, now provides unified access to developer resources previously scattered across forums.
The upgrade includes validator node tutorials, asset bridging instructions, and SDKs for dApp creation. Chain ID specifications and RPC endpoints are now readily available, streamlining development on Shibarium. This infrastructure push coincides with renewed Optimism for SHIB's price trajectory.
SHIB Price Retreats 6% Despite July AI Rally Momentum
Shiba Inu (SHIB) faced a 6.01% decline in the latest trading session, countering its 30% July surge driven by AI integration under the 'Jul-AI' initiative. The pullback reflects profit-taking after a month-long rally, with technical indicators like the RSI at 48.53 signaling neutral momentum.
Whale accumulation and bullish setups emerged following the July 28th announcement of AI advancements, but the market now shows signs of consolidation. Earlier in the week, SHIB broke free from a year-long downtrend, hinting at potential sustained upward movement.
Shiba Inu Burns 600 Million Tokens in One Day
The Shiba Inu community executed a significant token burn, removing over 600 million SHIB from circulation within 24 hours. Despite the 16,700% surge in burn rate, SHIB's price declined approximately 5%, highlighting the complex dynamics between supply reduction and market performance.
A single wallet address contributed nearly 601 million tokens to the burn, sending them to an irrecoverable dead address. Weekly data shows sustained efforts, with 616 million SHIB burned over seven days—a 369% increase from the prior week.
Market capitalization now stands at $7.95 billion amid ongoing supply adjustments. The divergence between aggressive token burns and price action raises questions about broader market forces impacting meme cryptocurrencies.
