Shiba Inu (SHIB) recorded an extraordinary 8,866% spike in large holder outflows within a 24-hour period, with token movements skyrocketing from 9.27 billion to 798.22 billion SHIB. Notably, this massive outflow occurred while SHIB’s price maintained stability in the $0.000013-$0.000014 range.
The abrupt withdrawal pattern suggests whales may be relocating tokens to private wallets or decentralized finance platforms. Such moves typically signal preparations for long-term holding strategies or participation in DeFi protocols like staking, rather than immediate selling.
Exchange wallets – including major platforms like Robinhood and Upbit which hold substantial portions of SHIB’s circulating supply – saw significant reductions. Large-scale withdrawals from these exchanges generally diminish immediate sell pressure in the market.
Market analysts highlight that SHIB’s price resilience amid unprecedented outflows indicates robust token absorption without panic-driven selling. This stability reflects sustained investor confidence in the asset’s fundamentals despite shifting whale behavior.
This development underscores evolving investor tactics in the memecoin segment, with large holders increasingly prioritizing self-custody and DeFi utility over exchange-based trading positions.