- Whale activity in SHIB surged 8,866%, hitting 798 billion tokens in 24 hours.
- SHIB price stayed flat despite massive token movement from large exchange wallets.
- Withdrawals hint at long-term holder confidence, reducing exchange supply and sell pressure.
Something strange recently happened with Shiba Inu’s SHIB , and most people completely missed it. While the price stayed locked between $0.000014 and $0.000013, whale activity behind the scenes went absolutely off the rails. On the surface, it looked like nothing changed. But beneath that calm price action, a tidal wave of movement shook the network. The spike in large holder transactions reached a jaw-dropping 8,866% in just 24 hours—an event worth paying attention to.
Nearly 800 Billion SHIB on the Move Overnight
On July 27, wallets considered “large holders” moved 9.27 billion SHIB. That’s routine behavior—nothing out of the ordinary. But then came July 28. Out of nowhere, the number of SHIB tokens moved by these wallets skyrocketed to 798.22 billion. That’s not a small increase. That’s an eruption—an almost 90x jump that set the blockchain on fire.Before jumping to conclusions, we need to understand who these whales actually are.
IntoTheBlock considers any wallet holding more than 0.1% of SHIB’s total supply as a large holder. That includes exchanges like Coinbase, Binance, Upbit, and Robinhood—platforms that hold massive SHIB reserves. So when these wallets start moving hundreds of billions of tokens, it’s usually not a sell-off. It’s likely withdrawals by retail users who are moving their SHIB off centralized exchanges.
Price Action Stays Flat While Tension Builds Beneath the Surface
When people move tokens to personal wallets, they’re usually not planning to sell. Instead, they might want to stake, store long-term, or use them in DeFi protocols . Whatever the reason, it shows growing confidence in the asset. Traders don’t pull coins unless they believe those tokens are worth keeping. What’s truly wild is how the price responded. Or rather, how it didn’t. Despite nearly 800 billion SHIB moving around, the market didn’t flinch.
That kind of stillness is often a sign that something big is coming. It’s like watching a volcano moments before it erupts. The pressure is there, even if the lava hasn’t hit yet. Market watchers should be paying attention—not just to the price, but to the signs behind it. This scale of movement doesn’t happen by accident. Exchanges and large holders don’t shift this much liquidity unless there’s a reason. Whether it’s preparation for a bullish breakout or a restructuring of reserves.
There’s also the supply angle. With less SHIB sitting on exchanges, available liquidity shrinks. If demand rises while supply tightens, a sharp move upward becomes more likely. That kind of setup doesn’t last forever. When things pop, they tend to move fast. Whales moved 798 billion SHIB in 24 hours. Prices stayed flat, but pressure is building. Exchange outflows suggest holders plan to keep their tokens.
