Shiba Inu (SHIB) Large Holder Inflow: A Historical Milestone

Shiba Inu (SHIB) has experienced a massive influx of tokens into large addresses, marking one of the highest daily figures in its history. Despite the broader cryptocurrency market undergoing a retracement phase that has seen prices plummet across the board, SHIB has stood out with large movements of tokens among large addresses.

On January 7, 2025, the meme coin recorded an impressive 33.59 trillion SHIB inflow, valued at approximately $739 million at current prices. This remarkable figure represents about 5.7% of the total circulating supply of Shiba Inu, highlighting the magnitude of this accumulation event.

To put it into perspective, daily large holders’ inflows have typically averaged around 600 billion SHIB in recent months. However, the January 7 spike far exceeded this average, making it one of the most significant inflows in Shiba Inu’s history.

Shiba Inu Large Holder Inflow: A Historical Milestone

The scale of this inflow is noteworthy, especially when compared to the patterns seen in 2024. Throughout last year, large holder inflows rarely crossed the 30 trillion SHIB mark, with one of the largest recorded on March 2, 2024, reaching 24.79 trillion SHIB. The last time Shiba Inu experienced a daily large holder inflow above the 30 trillion mark was back in July 2021, during the early stages of the token’s rise.

The recent spike in inflows has sparked speculation that it might indicate a whale accumulation pattern, a scenario often linked to future price movements. However, The Crypto Basic has revealed that the spike was primarily driven by a shuffle of tokens from Crypto.com, a leading cryptocurrency exchange.

The Role of Crypto.com in Shiba Inu’s Surge

In-house fund movements from Crypto.com contributed to a substantial portion of the 33.59 trillion SHIB inflow. Specifically, over 32 trillion SHIB tokens were moved across 20 transactions to a single unidentified wallet. While this movement caused a noticeable spike in large holder inflows, it did not result in a significant price change for Shiba Inu. This could be due to the fact that the funds were internal transfers rather than external purchases or sales, which typically have a larger impact on market sentiment.

The broader market sentiment, especially the decline in Bitcoin (BTC) prices, also played a role in dampening the effect of the Shiba Inu inflows. As Bitcoin dropped to $96,000, the overall crypto market faced significant liquidations, totaling around $627 million in just 24 hours. Of this liquidation, $1.57 million came from Shiba Inu, with a large portion—$1.39 million—stemming from long positions. Despite the surge in large holder inflows, these negative market dynamics contributed to SHIB’s continued price downturn.

Shiba Inu’s Price Action Amid Market Slump

The recent surge in large holder inflows came at a time when Shiba Inu was experiencing a challenging price performance. After a 9.38% drop on January 7, 2025—the largest intraday loss since December 19, 2024—SHIB continues to face downward pressure. As of the latest data, Shiba Inu is down another 0.75% in the morning of January 8, trading at $0.00002163. The market slump, combined with the lack of direct market impact from the large inflows, suggests that the broader market sentiment is playing a more significant role in SHIB’s price action.

What’s Next for Shiba Inu?

As Shiba Inu grapples with market retracement and large holder movements, it remains to be seen whether the recent surge in inflows will lead to any significant price recovery. The internal transfers from Crypto.com might not have the same impact as new investor interest or market-driven buying pressure. Investors will be watching closely for signs of renewed interest, particularly from larger holders, which could help stabilize SHIB’s price and bring some bullish momentum back to the ecosystem.