Trillions in SHIB Flow Into Whale Wallets in Sudden Buying Frenzy
Under the radar just days ago, Shiba Inu has suddenly become the focus of massive interest from heavyweight investors.
On May 7, blockchain data revealed a stunning wave of accumulation, with trillions of SHIB tokens pouring into large wallets in what appears to be a major repositioning by key market players.
According to figures from IntoTheBlock, addresses typically linked to institutional capital or high-net-worth individuals saw SHIB inflows jump from under 240 billion tokens to more than 6.4 trillion in a single day.
Then, on May 8, that momentum intensified—netflows surged again, hitting over 6.2 trillion SHIB. The sheer scale of this movement—an over 6,000% leap—suggests whales aren’t just dabbling, they’re diving in.
These movements come after a stretch of subdued action earlier this month, when large-scale buying was practically absent. Now, the tables have turned.
Analysts who track whale behavior often interpret these kinds of sharp inflow spikes as a sign of accumulation during market dips. In many cases, such purchases are whisked away to cold storage—an indicator that the buyers are playing the long game, not chasing quick profits.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
