Shiba Inu Whales Move Over 9 Billion SHIB: Price Turns Red - What's Happening?
Dog-themed cryptocurrency Shiba Inu (SHIB) whale activity spiked dramatically in the last 24 hours, with 2.83 trillion tokens flowing out, contributing to a significant price dip. Over 9 billion SHIB tokens were moved in the last hour alone, pushing the asset further into the red zone. Crypto analytics firm Lookonchain flagged this huge sale activity, indicating growing caution among major SHIB holders.
Data shared by Etherscan shows that over the past hour, a staggering 8.8 billion Shiba Inu tokens have been transferred between several wallets – some of them belong to whales. This surge in whale activity coincides with a period where SHIB gains 23% in 30 days but remains down 8% this week, trading sideways with momentum indicators turning neutral.
The shift in behavior highlights growing caution among major SHIB holders. In the last 24 hours, whales have offloaded huge SHIB tokens. This increased selling pressure has clearly impacted the price, resulting in the asset turning red.
Surge in Large Transactions
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a comeback in whale activity, with large transaction volumes surging 41.39% in the last 24 hours, according to data from IntoTheBlock. This suggests a concentrated selling event by major holders, exacerbating the price decline.
Are Whales Losing Interest?
It's important to note that despite this recent surge, Shiba Inu whale activity has dropped by 79%, with large transactions over $1 million declining significantly since December 2025. This long-term trend suggests a potential shift in whale sentiment, with some investors potentially taking profits or reducing their exposure to SHIB.
Shiba Inu's Unique Position
Setting itself apart from other meme coins, Shiba Inu distinguishes itself by actively participating in development projects and regularly updating its community. The community has intensified its burn efforts, removing tokens from circulation, attempting to counter some of the negative price pressure. Whale address count shows a slow increase recently, but the volume of transactions is what's causing the most concern.
Keep checking back for updates on SHIB whale movements and how it impacts the Shiba Inu price!