New information from the market intelligence company Santiment reveals that Dogecoin (DOGE) Rival shiba (Shib) can skyrocket when election activity around the MEME access increases.
In a new analysis, Santiment says Historically, deep -pocketed investors that make movements worth over $ 100,000 have preceded prices in prices for digital assets.
“History has shown that Seismic Upticks in $ 100,000 Value transactions often come just before prices top. One of the most narrative examples occurred in December 2017, when Bitcoin met almost $ 20,000 for the first time. On December 13, 2017, the number of electoral transactions rose to a then record -breaking amount of 62,317 in a single day, which signals large profits of large investors. “
Although this may mean that a subsequent crash comes after the price increase, Santiment says that electoral activity does not always mean that this is the case, since investors with high net value tend to also buy under dip rather than selling.
“Sometimes they can be used to find price bottoms, as whales show signs of accumulation. Such a moment came after the crash in early May 2021.
While most retailers were in a flat panic after Bitcoin sank ~ 45% between May 8 and May 18, 2021, Santiment data showed sudden nails in valence activity. Instead of selling bought whales bought the dip. “
The Crypto Analytics company continues to say that SHIB currently seems to be in the middle of an election-driven rally.
“The second largest MEME coin in Cryptocurrency can be severely overshadowed by Dogecoin and other different less speculative assets today. But this latest nail of 527 electoral transactions on June 5 2025 was the largest in five months.
Since this time, the coin’s market value has increased by 10%. Based on what we know about sudden spikes in choice activity when prices fall, this can be a good sign that it is just the beginning of a further price collection. “
Shib shops for $ 0.000012 at the time of writing, a decrease of 5.5% on the day.
Image: Shutterstock/Lexaarts/Purplerends
