Major Shiba Inu holders moved large amounts of SHIB away from exchanges and into cold wallets, according to on-chain data tracked by Arkham. During the period from June 10 to June 16, between 40 billion and 50 billion SHIB was withdrawn from exchanges, a pattern that suggests the biggest wallets were choosing to hold rather than prepare tokens for sale.
That distinction matters. In crypto markets, coins leaving exchanges usually reduce the supply immediately available for open-market selling. In this case, the transfer pattern did not point to short-term profit-taking by whales.
June 15 selling attempt was quickly absorbed
The source notes that a large-volume profit-taking attempt appeared on June 15, but buy-side demand absorbed the supply quickly. By June 16, on-chain flows had shifted back to net outflows, showing that large holders were still withdrawing SHIB instead of sending more tokens to exchanges.
Arkham’s network analysis framed the behavior as accumulation. Tokens moved into private cold storage, not toward trading venues, and that flow pattern matched the broader reading of whale activity over the same stretch.
Price held near $0.00000503 as support formed around $0.00000501
Market action moved in step with those wallet flows. After bottoming on June 11, SHIB climbed and later stabilized near $0.00000503. Over the analyzed period, the token posted a 16% weekly gain.
TradingView volume profiles also showed transaction clustering around $0.00000501. That kind of concentration is often watched as a short-term support zone because it may reflect a dense pocket of buy orders ready to defend price if the market pulls back.
Exchange flows remain the main signal to watch
Based on the data cited in the report, major SHIB holders have not started broad distribution of their positions. The article says that as long as whales keep holding above the key support area and avoid renewed exchange deposits, the current price stability may continue.
For market participants, the next read will likely come from two places: exchange inflow and outflow data, and price behavior around $0.00000501. If that support zone holds, the effect of ongoing whale accumulation could remain visible in SHIB trading.