Shiba Inu (SHIB) Price Prediction: WHALE ALERT! Mysterious Whale Withdraws 165B SHIB Tokens From Coinbase, Sparking Market Unease

Shiba Inu (SHIB) made headlines again as a mysterious whale withdrew a staggering 165.37 billion tokens from Coinbase, according to Arkham Intelligence.

A Shiba Inu (SHIB) whale made headlines again on Monday after withdrawing a massive 165.37 billion tokens from Coinbase, according to data from Arkham Intelligence.

The “0x73f8” address, which had no prior activity, moved $2.26 million in SHIB in three separate transactions, with the latest totaling 97 billion SHIB. This large-scale withdrawal sparked speculation and unease in the market, echoing similar movements seen in other meme coins like DOGE.

Whale Activity And Market ImplicationsShiba Inu’s recent whale activity closely mirrors the behavior of DOGE whales, where large, sudden withdrawals from major exchanges often signaled a shift in market sentiment, typically indicative of significant price movements.

In SHIB’s case, the 165.37 billion tokens withdrawn from Coinbase could suggest that the whale anticipates future volatility or a potential downturn.

The charts tell a different story for SHIB, where despite a steady decrease in the supply held on exchanges—a signal that typically indicates bullish sentiment—SHIB price has continued to decline. This divergence suggests that the market remains bearish, even as large holders move their assets off exchanges, perhaps anticipating further drops.

The accumulation by top non-exchange addresses is also highlighted by the steady increase in holdings by these addresses, which seems to be at odds with the lack of price response and suggests a cautious approach by large holders. While these non-exchange addresses are amassing their holdings, it appears that smaller holders are reducing their holdings of SHIB, as indicated by the decline in participation by this category of holders.

This trend further emphasizes the lack of confidence by smaller holders in SHIB’s short-term potential, as evidenced by their reduced holdings.

The decline in supply among mid-tier holders (10,000 to 100,000 coins) adds another layer of concern, as these holders typically represent a more stable investor base. Their sell-off points to a broader lack of confidence in SHIB’s recovery prospects.

Large holders (10 million to 100 million coins) have experienced the most substantial decline, indicating that even significant players may be preparing for further downside or potential shifts in the market.

This pattern mirrors recent DOGE whale activity, where large withdrawals preceded notable price adjustments, leaving retail investors vulnerable to sudden market shifts.

SHIB’s Struggles With Bears Not Over YetSHIB prices are failing to mount a challenge against the bears, with the SHIB/USD pair dropping nearly 3% to reach a daily low near $0.00001347. Although bulls are trying to mount a defense, it seems they are largely failing.

However, for the SHIB/USD pair to paint a rally, the memecoin would need to climb above the 20-day EMA (red wave) resistance near $0.0000148. Once SHIB price flips the immediate resistance, the Shiba Inu token would find the impetus to target the resistance near $0.000016.

On the other hand, failure to start a rally might force SHIB price to drop to the support level near $0.000013. Moreover, failure of the immediate support level might force the SHIB/USD pair to test the support near $0.000012 before recovering.

The relative strength index for SHIB remained neutral, with a score of 38.53, indicating the token could fall some more before it becomes oversold.

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