Shiba Inu Whale Activity Plunges Ahead of U.S. Inflation Data as Bulls Eye Breakout

Shiba Inu (SHIB) whale transactions have sharply declined in the days leading up to key U.S. inflation data, signaling a shift in market dynamics and possible investor caution. Large on-chain transactions exceeding $100,000 have dropped by more than 91% over the past four days, according to CoinDesk’s AI market insights, suggesting a pullback by institutional players as retail traders step in.

Despite this cooling in whale activity, SHIB has seen a notable surge in price and volume. The token jumped 4.6% to trade at $0.0000134, breaking through a critical resistance level at $0.0000133. This move was accompanied by a sharp spike in trading volume, totaling 975 billion SHIB in the final hour of the session. SHIB also moved above its 100-day simple moving average — a bullish technical signal.

The latest rally appears to be supported by growing community adoption as well, with the number of SHIB-holding wallets now reaching a record 1.5 million — equivalent to 0.011% of the global population — indicating strong grassroots momentum.

Key Technical Takeaways:

• SHIB rallied from $0.0000129 to $0.0000134, gaining 4.6% within a 0.00000063 trading range.
• A bullish breakout between 07:11 and 07:16 UTC lifted prices from $0.0000133 to $0.0000135.
• The breakout established new support around $0.0000134, with multiple successful retests.
• The next resistance target for bulls is $0.0000135, with higher lows at $0.0000129, $0.0000131, and $0.0000132 forming an ascending channel.

Inflation in Focus

All eyes are now on Wednesday’s U.S. consumer price index (CPI) report. According to FactSet, inflation is expected to come in at 2.5% year-over-year for May — an uptick from April’s 2.3%, driven in part by renewed tariffs under President Donald Trump’s administration.

If confirmed, this would mark the first month-over-month acceleration in inflation since January and may reinforce the Federal Reserve’s cautious, data-dependent policy stance. However, with inflation concerns already priced in by many traders, any market dip in response to the CPI print may be short-lived.

As investors balance macro uncertainty with emerging bullish signals in the crypto markets, SHIB’s breakout and rising retail engagement could hint at broader risk appetite building beneath the surface.