Over 4 trillion SHIB tokens changed hands in just 24 hours, signaling a major shuffle among large holders and smaller investors alike. On July 31, giant wallets moved a staggering 5.59 trillion SHIB across 5,057 transactions, each averaging over a billion tokens. The next day, retail traders jumped in, more than doubling the number of transactions but handling smaller amounts per trade, around 470 million SHIB on average.
This pattern suggests whales are redistributing their holdings strategically, while retail players are breaking down those huge transfers into smaller chunks. Such activity comes as Shiba Inu edges closer to the psychological barrier of $0.000005, a level that often triggers sharp price moves if breached.
Currently, just 764 whale addresses control a whopping 94.64% of SHIB’s market supply, a concentration that gives these large players significant influence over price swings. When they move, the market listens.
Shiba Inu’s on-chain data from Etherscan reveals a 68% increase in token transfers overnight, jumping to over 8,500 transactions. This surge marks coordinated actions at the turn of the month a common time for portfolio adjustments by major holders. The sheer volume and timing hint at preparations for a breakout that could shake the market’s next direction.
Such activity isn’t unique to SHIB lately South Korean altcoins have also seen sudden spikes in trading volume, reflecting growing retail momentum in Asia’s crypto markets.
This content is for informational purposes only and should not be considered financial advice.
