Shiba Inu Price Rebounds as Whale Holdings Rise by 310 Billion SHIB

Shiba Inu (SHIB) saw its price edge higher on Monday, bouncing from a crucial support level near $0.00000462.

The move attracted renewed attention from large holders as well as retail investors, with indicators pointing to stronger demand across both on-chain and derivatives markets.

Whales expand SHIB holdings as exchange supply drops

Data from the blockchain analytics platform Santiment showed that the largest non-exchange SHIB wallets held 533.41 trillion tokens on Sunday, up from 533.10 trillion on Tuesday.

This accumulation of approximately 310 billion SHIB suggests that whales are increasingly transferring tokens to private wallets, signaling confidence in the asset’s long-term prospects.

Simultaneously, SHIB balances on cryptocurrency exchanges declined to 138.74 trillion on Monday, down from a peak of 138.96 trillion on Friday.

Lower exchange balances are generally viewed as a constructive sign, as they indicate less supply is available for immediate sale.