Is history repeating itself for SHIB? Traders are buzzing as whale wallets accumulate a staggering 4.66 trillion SHIB tokens, reminiscent of the conditions that fueled its explosive 2021 surge. This massive SHIB accumulation has reignited bullish sentiment, but is it enough to sustain long-term growth?
SHIB Accumulation Mirrors 2021 Bull Run Patterns
Recent on-chain data reveals striking similarities between current SHIB accumulation patterns and those preceding its 2021 surge:
- Whale wallets acquired 4.66 trillion SHIB during recent price dips
- Token pushed back above its 200-day moving average
- Single transaction burned 600.7 million SHIB (16,700% burn rate spike)
Whale Activity Fuels Bullish Sentiment But Raises Questions
While whale activity and token burning create scarcity, concerns linger about SHIB’s fundamentals:
| Metric | Status |
|---|---|
| Shibarium TVL | Down from $6.44M to $1.78M |
| Daily swap volumes | Increasing |
| Protocol upgrades | Lacking |
Altcoin Growth: RTX Outperforms With 484% Surge
While SHIB traders reminisce, Remittix (RTX) demonstrates utility-driven growth:
- $28M processed in cross-border payments
- $17.8M raised in presale at $0.0876/token
- CertiK-audited infrastructure across 30+ countries
Token Burning: Temporary Boost or Sustainable Strategy?
The recent 600.7 million SHIB burn caused excitement, but questions remain about its long-term impact:
- Reduces circulating supply
- Creates artificial scarcity
- Requires consistent burns for sustained effect
FAQs
Q: How much SHIB have whales accumulated recently?
A: Whale wallets have acquired 4.66 trillion SHIB during recent price dips.
Q: What was SHIB’s burn rate increase?
A: The burn rate jumped by 16,700% after a single transaction burned 600.7 million SHIB.
Q: How does RTX’s growth compare to SHIB?
A: RTX has seen 484% growth driven by real-world payment solutions, while SHIB’s movement is largely speculative.
Q: What’s concerning about SHIB’s current metrics?
A: Shibarium’s TVL has dropped significantly from $6.44M to $1.78M since December 2024.
