Peter Smith
Shiba Inu (SHIB) just crushed a major record, hitting an all-time high in total holders even as some massive whales are quietly moving trillions of tokens to exchanges.
SHIB Community Explodes Past 1.51 Million Holders
Here's something that'll make SHIB fans smile – the meme coin just smashed through another barrier. According to @Etherscan_SHIB on X, Shiba Inu's holder count peaked at 1,510,290 on June 7th. That's literally "the highest ever recorded!" as they put it, with SHIB showing "unstoppable momentum."
Now, this might not sound earth-shattering, but think about it – we're talking about roughly 3,000 new people jumping into SHIB since late May. Back on May 24th, the count was sitting at 1,507,310, so yeah, people are still buying into the SHIB dream despite all the market chaos we've been seeing lately.
What's really interesting here is that while most crypto projects are bleeding users left and right, SHIB keeps adding more folks to its army. That's pretty telling about how sticky this community really is. These aren't just quick flippers – we're seeing genuine interest from people who want to hold onto their tokens.
Whales Just Moved 7.5 Trillion SHIB to Coinbase This Week
But here's where things get spicy. While everyone's celebrating the holder milestone, some serious whale action has been going down behind the scenes. Whale Alert caught three absolutely massive SHIB moves to Coinbase Institutional – we're talking about 7.5 trillion tokens in total.
The latest dump happened just eleven hours ago: 2.54 trillion SHIB worth about $31.6 million hit Coinbase Institutional. Before that, on June 5th, someone moved 2.87 trillion SHIB valued at $36.6 million to the same place. Add in another similar-sized transfer from earlier in the week, and you've got a pattern that's hard to ignore.
All these transfers came from mystery wallets that Whale Alert couldn't identify. But here's the kicker – they all landed at Coinbase Institutional, which is basically where the big money plays. That's not where you send your crypto to HODL; that's where you send it when you're planning to make moves.
What This SHIB Whale Activity Really Means
Let's be real about what's probably happening here. When someone moves nearly 8 trillion tokens to an institutional exchange, they're likely getting ready to sell. Big time. This looks like a whale who's decided it's time to cash out a massive SHIB position, and they're doing it through the proper channels for that kind of volume.
Now, normally this would be pretty bearish news. Whale sell-offs can absolutely tank a token's price, especially when we're talking about these kinds of numbers. But here's the twist – SHIB's holder count is literally hitting all-time highs at the same exact time.
So you've got this wild situation where the big players might be heading for the exits while regular folks are still piling in. It's like watching two completely different movies about the same token. The whales are taking profits, but the community is growing stronger than ever.
This creates a really interesting dynamic for SHIB's price action. Sure, those whale sells could create some serious downward pressure in the short term. But with over 1.5 million holders now, there's a pretty solid base of support that might just absorb whatever these big players are throwing at the market.
The bottom line? SHIB is showing some serious resilience. While the whales are making their moves, the community keeps growing, and that's not something you see with every meme coin out there. Whether this momentum can overcome the selling pressure remains to be seen, but one thing's for sure – SHIB isn't going quietly into the night.
Peter Smith
