Shiba Inu (SHIB) recorded a 14.86% surge in on-chain transfer volume over the past 24 hours as its price dropped to $0.00000442. Roughly 46.7 billion SHIB left trading platforms at the start of the week, according to data from CryptoQuant and Etherscan. This activity is driven by just 740 large wallets controlling 94.57% of the circulating supply, while nearly one million small investors own only 0.05% of the supply. Massive transfers to cold wallets suggest whales are accumulating rather than selling, potentially preparing for a breakout from the token’s prolonged sideways trend.
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