Shiba Inu and the fate of its owner
Shiba Inu returns to the spotlight with hopes of a 10x and 50x increase… and investors are accumulating billions
The Shiba Inu coin ($SHIB) has once again become a topic of discussion in the cryptocurrency market, after showing signs of entering a possible bullish wave, driven by a notable cumulative push from large investors, amidst hopes of achieving increases of up to 10 and 50 times in its market capitalization.
🔻 Temporary correction... but the positive outlook continues
Despite SHIB experiencing a 6% drop in the last week, and its losses since the beginning of the year reaching approximately 46%, technical analysis suggests that this decline may be corrective within a broader uptrend, especially with the recovery of the wider market led by Bitcoin and Ethereum.
🐋 "Cruiser" whales increase their holdings
According to a new report from The Crypto Basic, SHIB holders who keep them for a period of one month to 12 months – known as "Cruisers" – have recently shown strong cumulative behavior. They have accumulated over 29.57 trillion SHIB coins just since early June.
Thus, the total amount held by this category has increased to 199.13 trillion SHIB coins, which is approximately 2.26 billion US dollars 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 bullish trends. With expectations that SHIB will reach multiple times its current value, the market is gradually shifting from a state of fear to smart greed.
🧠 Optimism is driven by new Shiba projects
These movements coincide with developments in the Shiba ecosystem, such as:
Expansion in the Shibarium network.
Increase in real uses of the token in the DeFi and gaming worlds.
Growing community interest on social media, with the number of SHIB followers on X (formerly Twitter) surpassing 3.8 million.
