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Shiba Inu (SHIB) has experienced significant gains since the start of 2025, benefiting from a widespread rally in the cryptocurrency market ahead of the pro-crypto Trump administration’s inauguration on January 20th.
The SHIB price was last recorded at just above $0.000024, reflecting a 14% increase over the past three days; however, a recent uptick in whale activity indicates that further gains may be forthcoming this month.
According to Lookonchain, a whale withdrew 220 trillion SHIB tokens valued at $4.6 million after being inactive for five months earlier this week.
A whale withdrew 220B $SHIB($4.63M) from #Binance 2 hours ago after being dormant for five months.https://t.co/vHHs25C754 pic.twitter.com/r0sFEXMyEC
— Lookonchain (@lookonchain) January 1, 2025
Whales are often perceived as “smart money,” purchasing when prices are advantageous, risk-reward is favorable, and the likelihood of a short-term rally is high.
Consequently, some may view this recent action by the whale as a buying signal.
Shiba Inu Chart Analysis Also Indicates Potential for Further Gains
Chart analysis further suggests that the Shiba Inu price may experience additional upside over the weekend and in the coming months.
In the last two weeks, SHIB has established strong support along its upward trend from the summer 2024 lows.
It also recently made a notable rebound from its 200DMA last month and on Friday returned to test significant resistance around $0.000024.
Basic chart analysis implies that a recovery back to December highs in the $0.000033 range is plausible.
Fundamentals arguably support the case for further upside in the upcoming weeks.
The incoming and strongly pro-crypto Trump administration will take office in just over two weeks, marking the beginning of a new favorable era for the U.S. cryptocurrency industry and markets at large.
There are high hopes that Trump or Congress will establish a strategic Bitcoin reserve, which could initiate a global accumulation trend, injecting substantial liquidity into the cryptocurrency markets.
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Altcoins surged following the U.S. elections.
Altcoins are expected to explode after the Trump Inauguration. pic.twitter.com/Lqs4BFgfTt— Crypto Rover (@rovercrc) January 3, 2025
More broadly, a pro-crypto regulatory environment is conducive to rapid cryptocurrency adoption and the growth of major altcoins, such as Ethereum.
This could facilitate increased inflows into Ethereum ETFs, benefiting meme coins within the Ethereum ecosystem like Shiba Inu (SHIB) or Pepe (PEPE).
At any moment, the meme coin season could return, and as one of the leading coins in the sector, SHIB could be a significant beneficiary.
What is the Potential for SHIB?
SHIB’s market capitalization was last around $14 billion, according to CoinMarketCap, still down over 70% from its all-time highs in 2021.
A fourfold increase back to record highs is certainly within the realm of possibility as the current bull market progresses.
Whether SHIB can surpass its previous highs and approach a market cap of around $100 billion remains to be seen.
Shiba Inu boasts a large and dedicated community of investors, and with its expansive and growing web3 ecosystem, it justifies its current market cap.
However, for a $100 billion market cap to be attainable, the cryptocurrency markets would likely need to become highly emotional and irrational. We are still a considerable distance from that point.
A more effective strategy for achieving 10x or greater gains in meme coin markets may be to invest in newer, smaller, and lesser-known meme coins with significant growth and energy potential.
Analysts at cryptonews.com suggest that a new DAO-powered vote-to-earn meme coin called Flockerz (FLOCK) could be a promising option.
The Flock Don’t Cease!
With just 25 days remaining in the presale, The Flock continues to demonstrate its strength, having raised $8M!
What a proud day for all of Flocktopiapic.twitter.com/GA7JDEt4YX
— Flockerz (@FlockerzToken) December 27, 2024
The Flock Don’t Cease! 
The FLOCK presale has already raised significantly more than $8.6 million, with strong demand indicating that this meme coin could indeed gain traction upon its upcoming launch.
Popular crypto YouTuber ClayBro discusses the substantial upside potential of FLOCK in the video below.
The article Shiba Inu Whale Snaps Up 220 Billion Tokens – $1 SHIB Possible? appeared first on Cryptonews.
