Shiba Inu (SHIB) showed renewed upside this week, climbing toward $0.000009 as the token consolidates after months of steep losses. While the gains have been modest, analysts and on-chain researchers say recent whale activity and historical patterns could signal the start of a bullish cycle.
Digital Asset Research compared the current setup to SHIB’s 2020 price pattern. In that cycle, SHIB peaked in August 2020, plunged nearly 99% over roughly 120 days, found a bottom in December 2020, then went on to rally to $0.00008854 in 2021. The firm suggests the 2025 environment looks similar: meme coins often top in August and then endure sharp declines. They cautioned against what they called “grave dancing”—celebrating an asset’s fall—and argued that deeply oversold conditions can precede substantial recoveries. “Don’t be surprised if you see some huge winners come February or March off these oversold levels,” they wrote on X.
Macro indicators bolstered the bullish case. Digital Asset Research pointed to a breakout in the iShares Russell 2000 ETF (IWM) and renewed appetite for meme stocks—dynamics that have historically supported speculative crypto assets like SHIB. The analysts also suggested meme coins may be approaching the end of a year-long bearish cycle, creating conditions for a reversal.
On-chain data added weight to the story. Arkham reported nearly 390 billion SHIB left an Upbit-linked wallet and moved to a very active address that has been routing tokens to multiple exchanges, including Binance and Bitget. The size and routing pattern imply a large holder is reorganizing holdings, which can precede major market moves—either positioning liquidity or preparing for coordinated buy-side activity.
At the time of reporting, SHIB traded around $0.00000839, up about 7.13% over the past 72 hours. Observers say the combination of whale flows, macro momentum, and historical precedent merits watching SHIB closely through the coming months.