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Crypto

Whales Withdraw Billions of SHIB as Price Dips

Guavy AI Editorial Team
Instruments
BNB SHIB
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Shiba Inu's on-chain activity has increased by 15% as whales withdraw billions of SHIB tokens from exchanges during a local price drop to $0.00000442.

This surge in whale activity contrasts with minimal retail investor movement, suggesting that large holders may be preparing for a price breakout after a prolonged sideways trend.

The withdrawals mainly involved major exchanges like Robinhood, Binance, and Crypto.com, and were made by 740 whale wallets controlling over 94% of SHIB's supply.

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