Shiba Inu (SHIB) showed renewed strength Wednesday, climbing to $0.000009 amid ongoing consolidation after months of steep losses. While price gains were modest, observers point to historical trends and recent whale activity as potential signs of a rebound.
Digital Asset Research drew parallels between the current market and SHIB’s 2020 cycle, suggesting patient investors could benefit if history repeats. The firm noted SHIB peaked in August 2020, fell nearly 99% over about 120 days, bottomed in December 2020, then rallied to $0.00008854 in 2021. According to the analysts, the 2025 setup resembles that pattern: many meme coins peak in August and then decline sharply. They warned against “grave dancing” — celebrating an asset’s decline — and said oversold conditions can precede sizeable recoveries.
“Don’t be surprised if you see some huge winners come February or March off these oversold levels,” the firm wrote on X.
Macro signals add to the bullish case. Digital Asset Research highlighted a breakout in the iShares Russell 2000 ETF (IWM) and renewed interest in meme stocks, dynamics that have historically supported speculative assets like SHIB. The analysts also noted meme coins appear to be near the end of a full-year bearish cycle, which could set the stage for a reversal.
On-chain data deepened the narrative. Analytics platform Arkham reported that nearly 390 billion SHIB recently left an Upbit-linked wallet and moved to a highly active address that has been routing coins to multiple exchanges, including Binance and Bitget. The volume and transaction structure suggest a major holder — a “whale” — may be reorganizing holdings in anticipation of market shifts. Such movements can precede larger market activity, whether strategic liquidity placement or preparation for coordinated buy-side action.
At press time, SHIB traded at $0.00000839, reflecting a 7.13% gain over the past 72 hours.
