Alleged Indian Shiba Inu Whale Withdrew 15B SHIB in the Last 24 Hours

Unusual on-chain activity involving Shiba Inu has drawn fresh attention after a large wallet executed a series of notable token movements. Data from blockchain analytics firm Arkham Intelligence shows that a significant SHIB holder has been active over the past day, prompting renewed discussion around whale behavior and market positioning.

On-Chain Data Reveals 15 Billion SHIB Withdrawal

According to Arkham Intelligence, a Shiba Inu whale withdrew approximately 15 billion SHIB tokens within a 24-hour period. The transactions were traced to a wallet address Arkham identifies as one of the network’s largest non-exchange SHIB holders.

The withdrawal occurred in a single 15 billion SHIB deposit from the whale’s wallet address to an unknown address. At current market prices, the transferred SHIB represents a position of about $118,350.

Also notable is the Shiba Inu whale’s repeated use of WazirX-linked addresses and multiple transfers and withdrawals in other currencies to such addresses. This has led speculators to believe the whale is Indian and is using domestic exchanges to redistribute funds, rather than to sell off. Such routing patterns are often observed when large holders rebalance portfolios, prepare liquidity, or move assets for custodial or security reasons rather than for immediate liquidation.

One of the Largest SHIB Holders Remains Active

Despite the size of the withdrawal, Arkham data shows that the wallet still controls a substantial $4.79 million in SHIB. Arkham data also shows that the wallet remains well-capitalized beyond SHIB. The address holds approximately $4.1 million in USDT, sizable positions in GALA and JASMY, and smaller allocations in assets such as SAND, UNI, and 1INCH.

In total, related transactions linked to this whale and its connected wallets have involved significant volumes of SHIB, including receiving 1.5 million SHIB within minutes of the 15 billion withdrawal. The transfers have sparked speculation in the community as retail traders try to determine whether they signal ongoing strategic activity or a one-off event.

Large SHIB transfers such as this frequently attract attention due to the token’s strong retail following and history of whale-driven volatility. However, analysts often caution that withdrawals alone do not necessarily signal bearish intent, particularly when tokens remain within identifiable wallets or are not immediately sent to exchange hot wallets.

Shiba Inu Price Remains Sensitive to On-Chain Signals

At the time of the transfer, SHIB was trading near $0.00000790, down about 1.1% on the day, with price action compressed between a key resistance zone around $0.00000899 and support near $0.00000659. Trading volume has continued to decline, signaling reduced volatility as the token remains locked in an increasingly tight range.

While no immediate price reaction followed the 15 billion SHIB withdrawal, with Shiba Inu down just 0.1% from yesterday’s price, traders continue to closely monitor on-chain data for signs of sustained accumulation or renewed selling pressure.