Due to a sudden surge in price and on-chain activity, Shiba Inu is once again gaining attention. According to IntoTheBlock data, the meme coin experienced a sharp increase in large whale transactions, reaching a volume of 14.4 trillion SHIB in the last day, which is unprecedented in recent months. The move could have signaled the beginning of a significant reversal or a volatile redistribution phase because it occurred at the same time as a subtle but significant shift in price dynamics. Technically speaking, SHIB is holding onto a crucial support level close to $0.0000125. Last week, the asset briefly fell below it, but it was able to rise above it and is currently stabilizing at $0.0000129. It is not surprising that whales are starting to move in this range, which has historically served as both support and resistance. Whether it is accumulation or distribution, the market is at a turning point. Although the price action is currently below the 50 and 100 EMAs, which typically indicate a downward bias, the abrupt spike in whale activity indicates that much more is happening beneath the surface. The asset is in neutral-to-slightly oversold territory, when the RSI is hovering just above 44. In the event that buying pressure persists, there is still ample opportunity for upward momentum. Notably, the spike in high volumes occurred during a period of flat prices, suggesting coordinated movements rather than merely retail trading. Whales may be redistributing to reduce volatility while silently building up, or they may be positioning ahead of a more significant move. SHIB's whale dynamics imply that something is developing, even though the sentiment surrounding meme coins is still shaky overall. A technical breakout may occur if the price pushes toward the 100 EMA and reclaims the $0.0000138 resistance. Expect another test of the $0.0000125 floor, though, if momentum waned. If that fails, sub-$0.000011 becomes a genuine danger. SHIB just displayed its first significant pulse in weeks. However, the way it responds to the upcoming daily closes will determine whether this is the beginning of a new uptrend or the last exit pump for bigger players.