Shiba Inu has witnessed a dramatic increase in whale transactions as the meme cryptocurrency attempts to sustain its recent price recovery. On-chain metrics reveal that large-scale investors have become significantly more active in recent days.
The network processed 406 whale transactions in a single 24-hour period, according to data from Santiment. Each transaction exceeded $100,000 in value. This represents the highest concentration of major investor activity since early June.
The surge in whale movements coincided with substantial token flows to centralized exchanges. More than 1.06 trillion SHIB tokens moved onto exchange platforms within 24 hours. This pattern typically signals upcoming market volatility.
Source: Santiment
Strategic Positioning by Major Holders
The timing of these whale transactions appears deliberate. Large holders appear to be repositioning their assets during a period of price fluctuations. Historical data show that significant exchange inflows often precede sharp price movements in either direction.
The immediate price trajectory depends heavily on whale intentions. If these major holders choose to liquidate their positions, SHIB could face substantial selling pressure. Such action would likely trigger a pullback or cause rapid intraday price swings.
Alternatively, whales may be accumulating tokens or seeking short-term liquidity opportunities. This scenario could support a price rebound and generate upward volatility. Market observers remain focused on exchange outflow data to determine which scenario unfolds.
Trading Volume Reaches Nine-Month Peak
Ecosystem participation has intensified beyond whale activity alone. Santiment data shows that aggregate trading volume across all exchange applications reached remarkable levels over the weekend.
Total trading volume surged to $66.91 trillion on Sunday before settling at $4.01 trillion by Tuesday. These figures represent the highest sustained volume levels since March 2024. The spike indicates renewed investor interest and improved market depth.
At the time of writing, SHIB is trading at $0.000008527, representing a modest 0.47% gain over the previous 24 hours. Weekly performance looks stronger, with the token posting nearly 7% gains over seven days.
SHIB price chart, Source: CoinMarketCap
