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Shiba Inu ($SHIB) just experienced one of its busiest nights in weeks, with major holders transferring 40% more tokens than the previous day, as per IntoTheBlock. From Aug. 12 to 13, the amount of $SHIB flowing out of large wallets increased from 240.13 billion to 351.6 billion, putting a massive portion of the supply in motion in less than 24 hours.
Large outflows can indicate two different things: coins being sent to exchanges for sale or coins being sent from exchanges to private storage. Interestingly, $SHIB’s price did not sink when the outflows spiked.
Instead, it held steady at around $0.000014, leaning more toward the idea that whales are parking tokens in cold wallets rather than selling them on the market.
Over the same period, $SHIB's chart showed a push toward $0.00001425, a dip to approximately $0.00001360 and then a slow climb back to $0.0000138. There was no big sell-off or panic candles - just a back-and-forth range that suggests buyers were ready to take whatever supply was available.
What's next for $SHIB?
If that continues, the next logical target is around $0.00001420-$0.00001430, possibly stretching toward $0.00001480 if that level is reached. Losing $0.00001360 could lead to a drop toward $0.00001320.
What makes this situation noteworthy is that the largest Shiba Inu coin holders clearly made a move, yet the market did not react. In crypto, a combination of heavy whale activity and price stability often means that the next few days could be more interesting than the last few.