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3w ago

Shiba Inu Whale Transfers Jump to 6-Month High as 1.06 Trillion SHIB Hits Exchanges

The surge leaves more supply on exchanges, raising the odds of sharp price swings.

Shiba Inu price outlook: Can whales and buyers drive a breakout?
Shiba inu price whales load up as price hovers 90% below peak near key $0.0000095 wall
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Overview

  • On-chain firm Santiment counted 406 SHIB transfers over $100,000 in a day, the highest reading since June 6.
  • Santiment reported a net 1.06 trillion SHIB moved to exchanges within 24 hours, lifting exchange-held supply to about 136.95 trillion tokens.
  • SHIB traded around $0.0000085 with modest daily gains as spot activity increased, including a 154% week-over-week volume jump on Kraken, according to CoinGlass.
  • Derivatives signals were mixed, with a long/short ratio above 1 even as open interest declined over the week.
  • Flows remain two-way, with Arkham noting sizable recent outflows from Coinbase to new wallets, while institutional access advances through an NYSE Arca 19b-4 filing for a T. Rowe SHIB ETF and Coinbase’s planned Dec. 12 SHIB futures launch.