SHIB Plunges After 37% Sharp Rise as Retail Investors Chase Purchases, Whale Transactions Surge

SHIB (SHIB) surged 37% over two days before reversing sharply lower. While retail investors increased chasing purchases during the rebound, large holder transactions also spiked. Market analysis suggests late inflows from retail investors may have supported existing holders' profit-taking. Social media interest in SHIB rose rapidly as prices climbed, with social dominance reaching 0.084%—the highest since April. However, retail participation intensified as the uptrend began to stall. Large holder activity also surged, with 52 transactions of $100k+ recorded in 24 hours, the highest since March. Analysts suggest whales may have taken profits as market liquidity increased from retail buying, allowing large holders to liquidate holdings without dramatic price drops. While $100k+ transactions don't necessarily indicate selling, they reflect significant fund movements. SHIB's extreme wallet concentration remains notable, with whale-class wallets holding 94.64% of total supply despite representing just 0.05% of all addresses. The price surge saw rapid selling after the initial rally, with SHIB retracing much of its gains and falling 6.39% weekly to around $0.00000497.