Large Shiba Inu whales show "significant movement" for the first time in years — moving 16.4% of the total supply

PanicSeller · 2026-01-09T10:26:23+00:00

The Shiba Inu market is shaken as a significant whale, who previously kept silent, transferred a large amount of SHIB to exchanges, raising concerns about potential selling. This move affects market psychology and could lead to increased volatility.

PanicSeller

2026-01-09 10:26:23

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Shiba Inu Market Shaken by Major Movement. A giant whale that has remained silent for years suddenly executed a large transfer to a trading platform.

Whale Activity Shakes Market Sentiment

According to on-chain analysts, a “legendary early adopter” who in 2020 accumulated approximately 1.03 trillion SHIB with just 37.8 ETH (worth about $13,700 at the time) has recently moved about 469 billion SHIB to a certain exchange. This activity indicates the reactivation of a massive wallet holding 16.4% of the total supply.

At the peak of the 2021 cycle, the SHIB held by this wallet was worth over $9 billion. Yet, it continued to hold most of it without selling. The current valuation is approximately $726 million.

Increasing Technical Price Pressure

Market participants’ concern over the whale’s transfer to the exchange is clear. It could be a precursor to selling, collateralization, or liquidity events. However, the transfer itself is not a sale; attention should be paid to subsequent movements.

Technically, SHIB is currently below a key support level around $0.00000790, having dropped 3.9% in the past 24 hours. If this level cannot be maintained, the next support points are the October 10, 2023 low of $0.00000680, and further down, the June 2023 bottom at $0.00000543.

Insights from Past Activity Patterns

In fact, this wallet has not been completely dormant. After a 610-day dormancy period in July 2023, it moved again, dispersing 1.5 trillion SHIB across three addresses. At that time, its total holdings represented 17.2% of the total supply.

Current activity may be seen as an extension of this cyclical pattern. With an entity holding an overwhelming 16.4% share of the supply now resuming activity, the market is tending to take this development very seriously.

Whatever the whale’s intent, its movements are exerting psychological pressure on many traders. Preparations for increased volatility are necessary.

ETH-1,05%

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