Whales Redistribute 25.5 Billion SHIB, Price Drops 43%

Whales have been actively transferring significant amounts of Shiba Inu (SHIB) tokens, with a notable transfer of 25.5 billion SHIB within a few hours. This activity has sparked interest and speculation about the underlying reasons for such large movements.

Recent data indicates that whales have been withdrawing large quantities of SHIB from exchanges. For instance, on January 7, 33.48 trillion SHIB were withdrawn, marking the largest single-day removal. Similarly, on February 3, 4.53 trillion SHIB were taken off exchanges, and on March 20, 5.55 trillion SHIB were moved out. These actions typically reduce selling pressure and support price stability. However, despite these withdrawals, SHIB's price has declined by approximately 43% since January, suggesting that overall sell pressure remains dominant.

The dynamic nature of whale activity in SHIB is evident from the data provided by IntoTheBlock. On February 28, a net inflow of 1.16 trillion SHIB indicated accumulation, but by March 12, a net outflow of 561.99 billion SHIB suggested sell pressure. A smaller inflow of 143.81 billion SHIB on March 19 hinted at renewed holding interest. This back-and-forth activity suggests that whales are actively managing their positions rather than committing to long-term accumulation. They are redistributing tokens based on market conditions, which contributes to the overall volatility of SHIB.

Just five addresses control 58.39% of SHIB’s supply, with one holding 41.68%. These high-activity wallets significantly influence market volatility as SHIB’s overall holder base grows. Despite the expansion of the holder base, SHIB’s price remains largely unaffected, fluctuating between $0.000010 and $0.000020. This indicates that new addresses are not injecting fresh liquidity or driving demand.

The Shiba Inu official Twitter account confirmed that SHIB holders now exceed 1.5 million, signaling growing adoption. On-chain data shows that addresses with a balance rose from 1.37 million in December to 1.39 million in March. A brief drop in mid-February was quickly reversed, suggesting a temporary shift. Daily active addresses peaked at 13,440 on the same day but have since dropped to 3,560.

Whale activity has increased, but data indicates strategic redistribution rather than accumulation. While large withdrawals from exchanges persist, SHIB’s 43% price decline suggests that selling pressure is outweighing buy-side interest. With whales controlling over half the supply, their next moves will dictate price action. A recovery is possible if accumulation strengthens, but renewed selling pressure could push SHIB below key support levels.