Shiba Inu Whale Moves 600 Billion SHIB Tokens
Shiba Inu (SHIB)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that a Shiba Inu mega whale has transferred 600 billion SHIB tokens, valued at approximately $3.09 million. This move continues the gradual unwinding of a position that originally held 1.03 quadrillion SHIB, acquired in 2020 for 37.8 ETH. On-chain analyst Ember notes the wallet now holds roughly 93.27 trillion SHIB, worth about $478 million, after selling a cumulative 10.06 trillion tokens.
The whale’s remaining stake still accounts for more than 1.5% of SHIB’s circulating supply. At the time of reporting, SHIB was trading at $0.000005093, down 1.47%. Futures volume significantly outpaced spot volume, with open interest around $51.75 million.
Data from CoinGlass showed net futures outflows of $476,760 over eight hours. Spot flows were also negative across the same periods, alongside $63,620 in liquidations favoring longs. The transfer does not guarantee an immediate market sale, as it could simply be an internal wallet movement. Despite the scale, the source cautions against interpreting the move as an automatic sell signal.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 2 September 2026. Not the outlet's figures.
Whalio data shows SHIB trading at $0.000005140, with a 1-hour buy ratio of 65.4% contrasting sharply with the 43.4% ratio over the past four hours. This indicates that short-term buying pressure is building, while the broader four-hour trend remains bearish. The 1-hour volume delta is positive at +$45,362, suggesting immediate buyer aggression. However, the 24-hour volume delta is negative at -$298,073, showing that selling pressure has dominated over the longer timeframe. The cumulative volume delta (CVD) for the day closed at -$244,811, confirming net outflows. Buyers controlled only 10 of the last 24 hours, highlighting a lack of sustained momentum.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.1%, making the recent 24-hour performance of 45.7% slightly below the weekly norm. Trading volume has also cooled, sitting at 0.81 times the weekly average. The coin has dropped 2.3% over the last eight days, with a total volume delta of -$369,906. Net buying occurred on just 3 of the past 7 days, indicating a generally bearish week. This day is not an outlier but fits the pattern of modest underperformance seen throughout the week.