4 Trillion SHIB in 24 Hours: Who Is Readying Shiba Inu Coin for $0.000005 Breakout?

As the price of the Shiba Inu ($SHIB) token approaches the important psychological level of $0.00000500, the number of transfers involving the token increased by 68.75% to 8,517 transactions overnight, according to Etherscan.

Considering the on-chain reality of the token, whales and retail investors staged a coordinated two-step move at the turn of the month, which is currently deciding the fate of Shiba Inu ($SHIB) as it approaches the key price level.

764 whales corner 94% of $SHIB supply

On July 31, large wallets moved 5.59 trillion $SHIB in just 5,057 transactions, with the average size of each transfer reaching 1.10 billion $SHIB. The very next day, on August 1, retail investors entered the game, and the number of transactions jumped to 8,517, while their combined volume declined to 4.08 trillion $SHIB, reducing the average transfer size by more than half to 0.47 billion $SHIB.

In other words, large addresses first redistributed their positions in a coordinated manner, and retail participants picked up the momentum the following day and split those volumes into smaller transactions.

The reality is that only 0.05% of wallets, or 764 addresses classified as whales, hold 94.64% of $SHIB's total market capitalization. In monetary terms, the five largest holders control $2.76 billion out of the total $4.80 billion.

Meanwhile, the remaining 85.54% of individual and small-wallet holders account for a modest 0.42% of the supply. Basically, every $SHIB price movement is always a decision made by this narrow group of holders.

At the beginning of the first working week of August, $SHIB is being squeezed into a local range near $0.00000497, up 3.26% over the past 24 hours. The 14-day Relative Strength Index has settled at 62.16, meaning the upward momentum remains intact, while the token still has room before entering the extreme overbought zone.

$SHIB price scenarios around the $0.00000500 level

In this environment, there are practically two scenarios for $SHIB, and neither is directly bullish or bearish:

Breakout scenario: A daily candle close above $0.00000500 could activate pending buy orders, opening the way for $SHIB to move toward its local May highs near $0.00000600.

Profit-taking scenario: If the combined two-day volume of 9.6 trillion $SHIB was moved by large players onto trading platforms to take profits against current retail demand, the $0.00000500 level will act as a strong resistance zone, sending the $SHIB price back toward support at $0.00000440.

The situation will be resolved in the coming days. Large holders will either allow retail investors to push the price higher or use this 68% surge in activity as ideal exit liquidity following $SHIB's 8% rise since Friday.