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Large Shiba Inu coin investors decided not to sell their coins, even though the token rose 16% over the past week. Charts from Arkham and TradingView for the period from June 10 to June 16, 2026, show a rare picture for meme coins: the price moved higher, but there was no mass profit-taking.
This unusual holding pattern suggests that the market's biggest players are anticipating a much larger macro move for $SHIB rather than settling for quick, short-term rewards, even though those gains are double-digit.
Whales are staying put with Shiba Inu coin
Usually, when the price rises quickly, short-term traders immediately dump the asset to lock in quick gains. However, Arkham's on-chain metric for net exchange flows points to the opposite. Instead of moving coins to exchanges for sale, large holders were withdrawing 40 billion to 50 billion $SHIB into their personal cold wallets.
When coins leave exchanges, supply falls, and there is simply less to sell on the open market. On June 15, someone tried to take profit and moved a large volume to exchanges, but buyers quickly absorbed those coins. By June 16, the balance had already turned negative again, confirming that major players were focused on accumulation rather than selling the Shiba Inu coin.
This investor behavior directly helped prevent the price from falling. After finding a bottom on June 11, $SHIB gradually climbed and settled around $0.00000503. On the right side of the TradingView chart, the horizontal volume profile shows where most trades have taken place.
The longest bars are located right around the $0.00000501 level for $SHIB, likely indicating investors have placed dense buy orders there, creating a reliable line of defense. As long as whales do not start selling $SHIB here, the price has solid support for stability, and the recent move higher does not look random or temporary.