Shiba Inu Whales Empty Exchanges, Moving Billions to Cold Wallets

Shiba Inu's on-chain activity has spiked 14.86% in transfer volume over the past 24 hours, coinciding with a price drop to $0.00000442.

Fresh data from CryptoQuant and Etherscan shows that while retail investors watch the price decline, top holders are using this moment to withdraw billions of SHIB from trading platforms en masse.

The largest holders control a staggering 94.57% of the coin's circulating supply, with just 740 whale wallets holding nearly all of it.

These whales are not transferring tokens to exchanges to sell them; instead, they're removing supply from the market by moving billions of SHIB to cold wallets.