Shiba Inu Whale Activity Peaks With 1.06T Tokens Added to Exchanges

Shiba Inu has experienced its most significant increase in large-holder activity in six months, potentially signaling upcoming volatility. On-chain analytics firm Santiment reported:

A surge in whale transfers, with 406 transactions over $100,000 occurring in one day.
The exchange supply of Shiba Inu increased by approximately 1.06 trillion tokens within 24 hours.

This rise in "whale" activity and exchange balances could lead to substantial price fluctuations. Large holders, trading desks, and liquidity providers are influencing market liquidity and order-book depth. The movement of tokens to exchanges makes them more readily available for trading, though it doesn't guarantee immediate selling.

While the exact impact on Shiba Inu's price is uncertain, Santiment anticipates heightened volatility. At present, SHIB is valued at $0.00000859.

Shiba Inu whale transaction count vs. balance on exchanges

Shiba Inu price