Shiba Inu, the popular dog-themed meme cryptocurrency, is down 5.23% on Monday, July 27, 2026, currently trading at $0.000005025. This drop followed a significant price hike in SHIB over the weekend, indicating the current cool-off period in the market. The latest on-chain data showed that high-network investors likely used this spike for profit-taking, while retail traders entered the rally late and provided liquidity for whale exits.
Shiba Inu Whale Activity Peaks as Retail FOMO Drives Crypto Market Turnover
Last weekend, Shiba Inu staged a sharp rebound, climbing from $0.00000416 to $0.000005312 and delivering a 27.5% gain. The broader crypto market was in a state of uncertainty, and the SHIB move was fueled by a sudden influx of retail buying volume from South Korea, bolstered by an aggressive increase in token burns.
On Upbit, the country’s largest exchange, trading volume for the SHIB/KRW pair exploded. Such high demand in the local market drove prices to a clear premium on Korean platforms, which soon spread to the global market and led to a buying frenzy.
Meanwhile, the burn rate of Shiba Inu grew by a huge margin. According to Shibburn data, the daily burns jumped over 5,223% to permanently remove roughly 401 million SHIB tokens from circulation. This supply cut added to the scarcity, sparking a FOMO frenzy among speculators and further driving the bull market.
Santiment’s latest on-chain analysis, however, reveals a classic “whale-to-retail” liquidity hand-off that followed a rapid two-day advance. As the rally started to wane, those who arrived later with their retail bets found themselves trapped in losses while big traders were making quick windfalls. In a single day, large wallets executed 52 high-value SHIB transactions—the highest level of whale activity recorded since March 31. The sharp volume surge is a clear sign that institutional and HINWs (High-Net-Worth Individuals) took advantage of the strong price action to cut their exposure.
SHIB’s social-media dominance measure surged to 0.084%, its biggest since April 2. Most importantly, this increase in attention came after the vertical price action revealed retail traders were buying into the excitement close to the absolute high, providing the exact liquidity that the whales needed to cash out.
The Santiment analysts say the pattern is a commonly seen occurrence in the volatile cycles of memecoins. In such situations, the retail investors fill the social timelines at the height of the rising trend, and the negative sentiment which comes later offers an opportunity. Experts therefore advise taking profits when social chatter turns euphoric, and watching for potential buy-back levels once the crowd begins dismissing the asset as a scam.
Shiba Inu Price Prolongs Correction Within Wedge Pattern
Following a short-term consolidation above the $0.00000406 support, the Shiba Inu price witnessed a sharp rebound to the next significant resistance at $0.000005790. The intact supply pressure pushed this memecoin back to its current trading value of $0.000005025.
This sharp reversal signals a lack of conviction from buyers to retain higher value. As the price drops below the 100-day exponential moving average, the broader sentiment surrounding SHIB coin remains bearish.
With sustained selling, the Shiba Inu price could drop another 6.2% to retest $0.00000453 support, or return to the $0.00000406 floor.
A broader analysis of SHIB’s daily time frame shows that the current correction resonates within the structure of a falling wedge pattern. Since May 2025, the coin price has actively resonated within two converging trendlines that offer dynamic resistance and support to market participants.
If the coin buyers manage to hold $0.00000453 or $0.0000046 support, the Shiba Inu price could reattempt a fresh recovery breakout from the $0.0000057 wedge pattern resistance. This potential breakout would signal an early sign of trend reversal and accelerate the bullish momentum in SHIB for a sustainable recovery ahead.
