Shiba Inu (SHIB) whales appear to be in a risk-off mode

Shiba Inu (SHIB) whales appear to be in a risk-off mode ahead of the pivotal U.S. inflation data, which is likely to show a renewed uptick

Shiba Inu (CRYPTO: SHIB) whales appear to be entering a risk-off mode ahead of the crucial U.S. inflation figures, which are anticipated to show a slight rise owing to President Donald Trump’s tariffs.

What Happened: Major whale transactions, valued at $100,000 and above, have plummeted by a whopping 91.5% over the past four days, as reported by CoinDesk’s internal data. This shift in activity could indicate a change in market control, with institutions, known for their larger trades, pulling back, potentially leaving more control to smaller retail traders.

In other developments, SHIB prices have scaled through a key resistance level at $0.0000133, sparking a huge volume surge of 975 billion.

Also, SHIB price has now moved above the 100-day simple moving average (SMA), which could be a technical indicator for some traders.

Another interesting statistic is that a record 1.5 million wallets are now holding SHIB tokens, which amounts to approximately 0.011% of the global population—a testament to the rapid growth of the SHIB community.

Shiba Inu Price Action: At the time of writing, SHIB was trading at $0.00001284, up 0.67% over the past 24 hours.

What Next: Analysts at FactSet, in their median estimate, predict a year-over-year increase of 0.2% in May for the consumer price index. They also estimate a month-over-month rise of 0.3% in May.

If the data aligns with expectations, it will mark the first increment in the number from the previous month since January 2025, rendering the Federal Reserve’s ‘wait-and-see, data-dependent’ approach even more pivotal.

However, the sustained impact of Trump’s tariffs on U.S. goods imports from China could lead to a deeper-than-expected rise in inflation. This factor has been discussed to some extent in the market anticipation for the CPI figures.

As such, while an overshoot in inflation could invite some short-term selling pressure, the broader implication of the persistent tariff-led uptick in inflation could limit any dips, setting the stage for a rapid recovery in SHIB.