Shiba Inu returns to the spotlight with hopes of a 10x and 50x increase... and investors are accumulating billions.
Shiba Inu ($SHIB) has once again returned to the forefront of discussion in the cryptocurrency market, after showing signs of entering a potential upward wave, driven by notable cumulative momentum from large investors, amid hopes of achieving increases of up to 10 times and 50 times in market value.
🔻 Temporary correction... but the positive outlook continues.
Although SHIB has seen a 6% decline over the past week, with losses since the beginning of the year reaching about 46%, technical analysis suggests that this decline may be corrective within a broader upward trend, especially with the wider market recovering led by Bitcoin and Ethereum.
🐋 "Cruiser" whales are increasing their holdings.
According to a new report from The Crypto Basic, SHIB holders who have held it for between one month and 12 months – known as "Cruisers" – have shown strong cumulative behavior recently. They have accumulated over 29.57 trillion SHIB coins since the beginning of June alone.
Thus, the total holdings of this category have risen to 199.13 trillion SHIB coins, equivalent to about 2.26 billion USD at current prices.
🌐 What does this accumulation mean?
This behavior from "medium whales" is interpreted as a positive signal for the market, as these investors are known for their "smart" behavior that avoids short-term speculation and focuses on strong upward trends. With expectations for SHIB to multiply its current value, the market is gradually shifting from fear to smart greed.
🧠 Optimism is driven by emerging Shiba projects.
These movements coincide with developments in the Shiba ecosystem, such as:
Expansion in the Shibarium network.
Increased actual uses of the token in the DeFi and gaming world.
Increased community interest across social media, with SHIB's followers on X (formerly Twitter) surpassing 3.8 million followers.