Shiba Inu Price Drops 7% After South Korea-Led Rally Triggers Whale Profit-Taking

• Shiba Inu price fell more than 7% after the meme coin rallied nearly 37% over the previous two days
• Santiment reported that SHIB whale transactions climbed to a four-month high, suggesting large holders took profits during the rally
• Retail FOMO also reached its highest level since April as the SHIB rally lost momentum and the token pulled back

Shiba Inu (SHIB) price is giving back part of its weekend gains after one of the token’s biggest rallies this year. The meme coin has slipped more than 7% over the past 24 hours, cooling off after climbing nearly 37% in two days. This notable reversal has shifted attention from the rally itself to what may have caused it to fade. Fresh on-chain data suggests the answer could lie with the market’s biggest holders.

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Shiba Inu Price Gives Back Part of Its 37% Rally

SHIB price climbed nearly 37% over two days, it managed to touch around $0.000057. But it returned to roughly $0.0000546. The move added more than $1 billion to the token’s market capitalization at its peak before sellers stepped in.

The rally came without any major announcement from the Shiba Inu ecosystem or Shibarium. Reports suggested that much of the buying pressure came from South Korea, where Upbit’s SHIB/KRW trading pair accounted for a notable share of global volume. Dogecoin and several other meme coins posted far smaller gains over the same period, making SHIB’s advance stand out.

With buying momentum slowing, today’s decline has erased part of those gains, though the token remains well above where it traded before the rally began. At press time, SHIB was trading at $0.000004630 following a 7.02% daily drop.

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SHIB Whale Activity Reached a Four-Month High

Blockchain analytics platform Santiment said transactions worth more than $100,000 climbed to their highest level since March 31 as the rally unfolded. The firm also reported that SHIB’s social dominance reached its strongest reading since early April, a sign that retail interest accelerated alongside the price.

According to Santiment, the combination of rising whale activity and surging retail attention often reflects larger holders taking profits amid rising demand. While the data does not confirm that whales caused the sell-off, it coincided with SHIB’s reversal after the two-day surge.

For traders, the latest price action paints a familiar picture of how strong momentum drew fresh buyers into the market. But as enthusiasm peaked, larger wallets appeared increasingly active.

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