 
 
Shiba Inu (SHIB) showed renewed strength on Wednesday, climbing to $0.000009 despite the meme coin’s continued consolidation after months of steep losses.
While the price action may appear modest, market watchers are closely examining historical trends and recent whale activity that could signal a potential rebound.
Analysts at Digital Asset Research are drawing parallels between the current market and SHIB’s 2020 cycle, suggesting patient investors could see substantial gains if history repeats. The firm shared on X last weekend that Shiba Inu may be approaching a bottom similar to that of five years ago.
It reminded followers that SHIB reached its peak in August 2020 and then fell nearly 99% over a 120-day period before bottoming in December of the same year. What followed was a dramatic rally that took the token to $0.00008854 in 2021, generating enormous returns for those who held through the correction.
According to the firm, the current setup in 2025 resembles this historical pattern, with most meme coins reaching peaks in August and declining aggressively afterward. They cautioned against “grave dancing,” a term used to describe celebrating the misfortunes of a declining asset, emphasizing that oversold levels could precede significant upward movements.
 
“Don’t be surprised if you see some huge winners come February or March off these oversold levels.” They wrote.
Moreover, macro trends also appear to support a potential rebound. The firm also highlighted that the iShares Russell 2000 ETF (IWM) is breaking out, while meme stocks have seen renewed interest, mirroring dynamics that historically favored speculative assets like SHIB.
Analysts also pointed to the near completion of a full-year bearish cycle for meme coins, which could set the stage for a reversal, as market cycles typically operate on a 360-degree timeline.
Recent blockchain data adds another layer to the bullish case. On Monday, analytics platform Arkham reported that nearly 390 billion SHIB recently left an Upbit-linked wallet and moved to a highly active address that has been sending coins across multiple exchanges, including Binance and Bitget.
The volume and structure of these transactions suggest that a major holder, or “whale,” may be reorganizing holdings in anticipation of market shifts.
Although the price remained steady, such movements are notable because they often precede larger market activity, either through strategic liquidity placement or preparation for a coordinated buy-side push.
At press time, SHIB was trading at $0.00000839, reflecting a 7.13% surge in the past 72 hours.