Biggest Shiba Inu transfer boost since June – 1.06 trillion SHIB flowed back to the stock exchanges
- Shiba Inu had the most whale transfers today since June 6th. There were 406 transactions over $100,000.
- Rising foreign exchange reserves suggest that whales will trigger significant price changes.
Data from Santiment show a direct connection between these Shiba Inu transfers and the sudden increase in SHIB supply on the central exchanges. Since yesterday, the centralized platforms recorded a net inflow of 1.06 trillion SHIB.
This brought the amount of SHIB held on exchanges to 136.95 trillion, indicating a change in the approach of major investors to the market.
According to Santiment, this behavior is a possible sign of a short-term volatility spike. The mix of large financial transfers and an increase in foreign exchange reserves often indicates planned sales or preparation of larger transactions.
Whale activity tips over after 4.13 trillion withdrawals
Previously had large holders withdrew significant amounts of SHIB from exchanges. According to data from Arkham Intelligence, 4.13 trillion SHIB were withdrawn from Coinbase and transferred to two newly created wallets. One wallet received 2.966 trillion SHIB, the other 1.173 trillion, with both amounts coming from the same source.
Last week, another notable mass transfer took place, sending 169.13 billion SHIB from Coinbase to an unknown address. These transfers signaled a broader trend in which large holders reduced their exposure to public exchanges.
This pattern has now been reversed. In contrast to recent behavior, whales are sending large amounts back to exchanges. The return of 1.06 trillion SHIB in a short period of time suggests that they are preparing for upcoming market actions.
At the moment Shiba Inu is between 0,0000083 $ and 0,0000087 $ traded. The current token price is at 0,00000845 $which represents an increase of 1,99% in the last 24 hours and from 8,15 % in the last seven days means.
According to Coinglass, the OI weighted funding rate turned positive on Monday and reached 0.0096% on Tuesday, showing that long traders are now paying short traders.
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