Trillions in SHIB Flow Into Whale Wallets in Sudden Buying Frenzy

Shiba Inu, the meme cryptocurrency that briefly captured the attention of retail traders last year, is now being massively bought up by institutional investors, according to blockchain data.

According to figures from IntoTheBlock, addresses typically linked to institutional capital or high-net-worth individuals saw Shiba Inu (SHIB) token inflows jump from less than 240 billion on May 6 to more than 6.4 trillion on May 7.

This represents an over 6,000% leap in a single day, suggesting whales aren’t just dabbling, but rather making a major positional shift.

The buying continued the next day, with SHIB outflows from these types of addresses changing hands in the billions, with net flws hitting over 6.2 trillion on May 8.

This activity stands in stark contrast to earlier this month, when large-scale buying was practically absent, as highlighted by blockchain analytics firm ChainGills earlier this month.

Analysts who track whale behavior often interpret these kinds of sharp spikes in inflow volumes as a sign of accumulation during market dips. In many cases, such purchases are whisked away to cold storage afterwards—suggesting the buyers are playing the long game, not chasing quick gains.