SHIB Whales Accumulate 400 Billion Tokens Amid 1.8% Price Drop and 16,700% Burn Rate Spike

Major investors in Shiba Inu (SHIB) have been aggressively accumulating 400 billion tokens over the past few days, despite the token’s ongoing price decline. According to on-chain analytics, these whale-level transactions have been concentrated on platforms such as Gemini and represent a total accumulation of 4.66 trillion SHIB, valued at approximately $63.7 million [5]. Notably, this buying activity coincided with a 1.8% daily drop in SHIB’s price and an increase in token burn rates, which have now exceeded 16,700% in a 24-hour window, destroying 602 million SHIB tokens [8].

The accumulation has not gone unnoticed by analysts. Joe Swanson, a crypto market analyst, has suggested that if SHIB maintains key support levels such as $0.0000103 and breaks through $0.0000171, it could potentially advance toward $0.0000239 [10]. He also notes that whale movements historically precede price rallies and that the recent on-chain activity suggests a possible market turnaround.

Meanwhile, a significant whale reportedly sold $6.05 million worth of SHIB while still holding approximately 2 trillion tokens in its wallet [1], indicating a partial exit strategy amid continued accumulation. This pattern reflects a broader trend where large investors are treating price dips as buying opportunities, especially in the context of a low Fear and Greed Index reading of 48, which suggests a neutral sentiment among SHIB investors [12].

The Shiba Inu market has shown relative resilience compared to the broader crypto space, with SHIB dropping 21% over the last 10 days but still maintaining a 96% retention rate among long-term holders [10]. Analysts remain cautiously optimistic, viewing the current price correction as a strategic buildup rather than a bearish signal. Some, like Crypto Elites, have even projected a potential 17x price increase if historical bull cycles repeat [10].

However, the market is not without risk. While SHIB has outperformed Bitcoin, Ethereum, and XRP in recent declines, it remains a speculative asset. Analysts advise investors to monitor whale activity and burn rates closely for potential breakout signals. The absence of official statements from the Shiba Inu team has left the narrative largely in the hands of market observers and traders [5].

Sources:

[1] title1 (https://www.ainvest.com/news/shib-whales-sell-6-05m-accumulate-400b-rising-burn-rate-2508/)

[5] title5 (https://coincentral.com/shiba-inus-tumble-sparks-a-selling-frenzy-three-whale-wallets-all-purchased-this-token-shortly-after-selling/)

[8] title8 (https://coincentral.com/shiba-inu-traders-hope-for-2021-style-explosion-but-whales-are-betting-big-on-remittix/)

[10] title10 (https://en.cryptonomist.ch/2025/08/03/shiba-inu-price-prediction-shib-drops-amid-slowing-new-investor-interest/)

[12] title12 (https://cfgi.io/shibainu-fear-greed-index/)