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SHIB holds on to weekend gains, giant whale moves high

2026-07-28 12:42:49
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Market Performance

Shiba Inu (SHIB) maintained most of the weekend's gains, with the current price at US$0.000049968, down 3.35% on the day. The token still rose 17.12% this week and rebounded to 26th place in market value. This is a significant recovery for a token that has been relatively silent in recent months.

Whale activity surges at the top

On-chain analytics firm Sanitation recorded 52 whale transactions worth more than $100,000 in a single day during the rally, the most in a single day since March 31. According to Sanitation data, social influence also reached 0.084%, the highest since April 2. The timing is noteworthy: the surge in social attention comes after the most dramatic price movements have stalled, a pattern consistent with the behavior of large households distributing under retail buying pressure. The Whale Trading Indicator tracks the size of transfers rather than the direction, so it captures the size of funds flowing but does not confirm the intention to sell or buy.

Korea Stock Exchange led the market

Shiba Inu surged about 36% to around $0.000057 over the weekend, adding about $1 billion to its single-day market value and reaching its highest level in months. There are no project announcements or ecological developments accompanying this trend. Upbit's SHIB/KRW trading pair is the largest single market, with trading volume of approximately US$62 million, accounting for more than one-tenth of global trading volume, and carries a slight premium to Binance and other U.S. dollar exchanges. South Korean retail investors have historically shown interest in emoticons based tokens, which has created a surge in liquidity that has spread to global markets. Other dog-themed emoji tokens did not follow the rise of SHIB, indicating that the market was concentrated rather than a broader emoji coin rotation.

Approximately US$6 million in SHIB and 1000SHIB positions were cleared among approximately 2300 traders, of which approximately US$5 million came from short positions. These liquidations occurred after price increases rather than what caused them, and on this scale cannot explain such a large increase.

Currently, SHIB is digesting weekly gains. Whether retail demand can be sustained or whether large households continue to reduce exposure amid the rise is a key issue entering the next trading session.

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