Shiba Inu (SHIB) Gains 7.5% in a Month Amid Whale Activity and Token Burns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 19 2026
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Should l Buy ?
Source: Benzinga
- Whale Activity Resurgence: An unidentified Shiba Inu whale on Binance became active after nearly two years of dormancy, transferring 15.18 billion SHIB worth approximately $119,330, indicating increased market volatility and potential upcoming significant developments.
- Token Burn Surge: A total of 29.94 million SHIB tokens were burned in a single day through the Shibarium ecosystem, resulting in a staggering 2,459.5% increase in the burn rate, which helps reduce circulating supply and potentially enhances future price prospects.
- Technical Breakout Potential: Traders note that SHIB is nearing a critical breakout point from a falling wedge on the three-day chart, with price action tightening significantly, suggesting the end of an accumulation phase and the likelihood of a major price movement.
- Positive Market Sentiment: Despite the broader crypto market remaining range-bound, SHIB has gained 7.5% over the past month, reflecting growing investor confidence in the project, particularly as it aligns with its strategic goals in NFT and ecosystem development.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
