u.today
The biggest meme coin on Ethereum, Shiba Inu ($SHIB), has just experienced one of its most unusual on-chain shifts in recent memory — and it was not due to a retail craze or social media hype. On July 23, net flows into large $SHIB wallets surged from 18.29 billion tokens the previous day to a jaw-dropping 4.68 trillion. That is a 25,587% spike in just 24 hours, as per IntoTheBlock.
The metric, tracked by IntoTheBlock, measures net inflows into wallets holding over 0.1% of $SHIB's total supply = addresses large enough to move markets.
What is interesting is that the price of Shiba Inu ($SHIB) reached $0.000016 during the inflow, but then fell back, reaching $0.0000139 by 24 July. This kind of dissonance — whales accumulating while the price drifts downwards — does not happen often. It suggests strategic positioning, not just a reaction.
Whether it is smart money preparing for a structural breakout or simply rotating into $SHIB as a hedge, the footprint is visible and enormous.
The $0.000015 zone is now the area to watch. If $SHIB regains it, especially with high trading volume, this could confirm the move as accumulation rather than a misstep.
Either way, 4.68 trillion $SHIB does not change hands just for fun. Something has shifted. It did so loudly enough to be on the radar of anyone tracking the next breakout cycle.