Crypto whales pile into SHIB, PENDLE and ADA ahead of potential February rebounds

On-chain data cited by BeInCrypto shows large crypto wallets have been accumulating Shiba Inu (SHIB), Pendle (PENDLE) and Cardano (ADA) heading into February, with notable buying activity concentrated between Jan. 27–29. SHIB whales increased holdings from about 666.05 trillion to 666.74 trillion SHIB (an addition of 690 billion) after a bullish RSI divergence formed within a falling wedge, the report said.

For confirmation the next SHIB candle needs to close above $0.0000071; a confirmed breakout could target roughly $0.0000091 and then $0.000012, while failure at $0.0000071 would weaken the setup. Pendle accumulation rose from 181.54 million to 184.81 million PENDLE—about 3.27 million tokens, roughly $6.3 million at current prices—despite recent weakness in DeFi.

BeInCrypto noted an early bullish divergence on the 12‑hour chart between Nov. 14 and Jan. 30; the setup depends on holding $1.78, with initial resistance near $2.08 and further upside toward $2.38 and $2.87 if momentum improves. Cardano saw coordinated buying across two whale cohorts: wallets holding 1 billion ADA+ increased from ~2.93 billion to 3.18 billion beginning Jan.

28, while the 100 million–1 billion cohort rose from 2.55 billion to 2.60 billion on Jan. 29—about 300 million ADA added in 48 hours, the article said. ADA has printed a bullish RSI divergence between Dec. 31 and Jan.

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