TLDR
- Shiba Inu saw a steep 32% decline, hitting $0.000014, its lowest price since September 2024
- Large investors have shown increased interest with whale transactions jumping to 4.3T SHIB
- Price analysis suggests potential recovery target of $0.000018 if $0.000015 level is reclaimed
- Market downturn coincides with broader economic concerns around trade policies
- Despite bearish price action, whale buying activity indicates institutional confidence
The cryptocurrency market witnessed a notable development over the weekend as Shiba Inu (SHIB) underwent a major price adjustment, dropping 32% to reach $0.000014. This price movement has attracted attention from institutional investors, with on-chain data revealing increased activity from large-scale buyers.
The weekend’s price action brought SHIB to levels not seen since September 2024, marking a five-month low for the popular digital asset. However, amid the downward pressure, blockchain analytics have identified a substantial uptick in whale activity, suggesting strong institutional interest at current price levels.
Transaction data from February 2 shows large-holder activity reaching 4.3 trillion SHIB, representing a dramatic increase from the 1.5 trillion recorded just days earlier on January 31. These figures specifically track movements from wallets controlling at least 0.1% of SHIB’s circulating supply, providing insight into institutional trading patterns.
The timing of these large-scale purchases coincides with broader market uncertainty, particularly as new trade policies affecting relations with China, Mexico, and Canada have sparked concerns about economic stability. While many investors have moved to reduce exposure to volatile assets, some large players appear to view the current SHIB prices as an opportunity.
Market data indicates that SHIB’s price decline has been more pronounced than its peers in the cryptocurrency space. For comparison, other major alternative cryptocurrencies like Solana, Chainlink, and Avalanche experienced losses below 20% during the same period, suggesting SHIB-specific factors at play beyond general market conditions.
Technical analysts following SHIB’s price movements have identified the formation of what appears to be a corrective pattern, with the current price level potentially marking the completion of a downward cycle. This technical structure, combined with increased institutional buying, could set the stage for a price recovery.
The $0.000013 price region has emerged as a key technical support level, with historical data showing this area previously acting as a pivot point for price reversals. Market technicians suggest that reclaiming the $0.000015 level could open the path toward $0.000018 in subsequent trading sessions.

Social media monitoring reveals growing discussion around inflation concerns among U.S. consumers, contributing to market uncertainty. However, the surge in whale activity suggests that professional traders may see value in SHIB at current prices despite these broader economic concerns.
Trading volume analysis shows increased market participation during the recent price movement, with major exchanges reporting elevated activity across SHIB trading pairs. This surge in volume often accompanies major market turns and can indicate a potential shift in trend direction.
The MACD indicator, while remaining in bearish territory, has begun showing early signs of selling pressure exhaustion. The indicator’s signal line has started to curve upward, potentially forecasting a change in market momentum if SHIB maintains stability above its current price levels.
Price support at $0.000014 and $0.000013 has become increasingly important for traders watching SHIB’s market action. These levels represent critical areas where buying pressure needs to remain strong to prevent additional price declines.
Current market conditions present several risk factors that could influence SHIB’s price direction. Any intensification of trade tensions or deterioration in overall crypto market sentiment could create additional selling pressure.
Should bearish momentum persist, a break below $0.000013 might trigger further selling, potentially testing the $0.000010 level. This scenario would likely delay immediate recovery prospects and could result in an extended consolidation period.
Exchange data reveals consistent trading activity around the $0.000014 price point as of Monday, February 2, with whale transactions maintaining elevated levels throughout the trading session.
Blockchain analytics platforms continue to track large wallet movements, showing sustained institutional interest despite the recent price volatility. This activity suggests that major market participants may be positioning themselves for potential price recovery.
The latest market data indicates stabilization around current price levels, with institutional buying providing support against further downward pressure.
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