Shiba Inu (SHIB) jumped 7% in the past day, with 3.78 trillion SHIB transacted by whale investors. This increase signals renewed bullish momentum, positioning SHIB for a potential rally to $0.000022 as whale activity intensifies.

Whale Transactions Propel Shiba Inu's Price Surge

Shiba Inu (SHIB), a cryptocurrency with a dog motif, has seen a meteoric rise in price, with a twenty-four-hour spike of seven percent.

The big transaction volume, an indication of the overall amount transacted by whales in a given day, has also increased at the same time as this rise. When there are a lot of transactions, it usually means that whales, or big holders, are making a move. A rise in this measure indicates that whales are more active buyers or sellers.

3.78 Trillion SHIB Moved in 24 Hours

Shiba Inu's massive transaction volume increased by 46.79 percent in the last day, reaching 3.78 trillion SHIB, or $66.61 million in USD, as reported by IntoTheBlock.

Per U.Today, given the week's surge in interest in the Shiba Inu meme, the dog's value rose in tandem with the broader market rebound.

SHIB Gains More Visibility with DeLorean Partnership

For the new Time Capsule line of digital memorabilia, "Back to the Future" actor Christopher Lloyd teamed up with DeLorean, the maker of the film's famous vehicle.

In a Time Capsule teaser shot by director Allan Ungar, we see Lloyd paying homage to his "Back to the Future" character Doc Emmett Brown. Other elements include a DeLorean car, a character dressed in biohazard suits, a character with a Shiba Inu dog, and some easter eggs.

DeLorean Hints at Shiba Inu Support in Tweet

American automaker DeLorean hinted at SHIB support in a tweet with the official SHIB X handle as the source.

A Shiba Inu dog was also present during this week's presentation of Elon Musk's Tesla Cybercab.

Bulls Regain Control as SHIB Rebounds

When Shiba Inu hit a low of $0.000016 on October 10—the culmination of four days of declines—buyers pounced. Since October 11th, Shiba Inu has been steadily making a recovery, which means that bulls are still targeting higher prices.

Compared to one day ago, SHIB is now up 3.21% to $0.00001794 as of this writing. A price increase beyond $0.000019 by purchasers might send SHIB soaring to $0.000022. This level might act as a major obstacle once more, but if the bulls are successful, the surge might go all the way to $0.000026.

Key Support Levels in Focus for SHIB

The SHIB price needs to go below $0.000016 before bearish can halt the upward trend. The 50-day simple moving average ($0.000015) and crucial support at $0.000012 can be reached if that happens.