Shiba Inu Whale Activity Hits Six-Month High Amid Exchange Surge

Shiba Inu whales made 406 large $SHIB transactions, the biggest movement seen since June.

Exchanges received 1.06 trillion $SHIB in a single day, showing major token buildup by big holders.

SHIB price stayed below 0.000016 despite rising supply, hinting at small short-term price changes.

Shiba Inu ($SHIB) saw a spike in whale activity yesterday, the largest movement since June. Santiment claims that 406 transactions totaling $SHIB above $100,000 were made by whales.

In addition, exchanges received 1.06 trillion tokens in a single day. Whale activity and exchange supply are clearly correlated in the data from June 25 to December 8, indicating possible market instability in the days ahead.

Price trends indicate that SHIB gradually declined from July to November. After reaching a peak in early September, the token consistently retraced, with whale activity remaining low during this period

However, the December surge in large transactions coincides with a sharp increase in the supply of SHIB on exchanges. Consequently, the market may experience short-term price fluctuations as liquidity shifts intensify.

Whale Movements and Exchange Supply Dynamics

The chart displays transaction counts on the right axis and exchange supply on the left, allowing clear visualization of token movement. Whale transactions historically correspond with spikes in exchange supply, and December 8 shows a rare instance of concentrated activity

Additionally, transaction volume bars at the bottom illustrate that higher activity aligns with periods of notable price change. The 406 whale transactions coincide with the largest volume spike, suggesting coordinated movements and potential market strategy.

Additionally, from July to late November, the supply of SHIB on exchanges fluctuated only slightly. The abrupt surge in December is indicative of faster platform accumulation, perhaps as a result of whales positioning themselves ahead of possible changes in the market.

Price remained under 0.000016 SHIB, and despite rising supply, only minor upward reactions occurred. Hence, these metrics highlight pressure points that investors should watch closely.

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