SHIB whales hold 530 trillion tokens: Is there a supply reduction?
The breakout of Shiba Inu's price from the four-year consolidation range may be influenced by whale accumulation.
Data from Santiment shows that whales have been holding 530 trillion SHIB tokens since January 2025.
This accumulation could lead to a restriction in the supply of the leading meme coin, as SHIB held on exchanges has decreased by 5 trillion to 141 trillion.
Why it matters: The SHIB rally of 2021, where the price of Shiba Inu skyrocketed by 27,020,216%, was triggered by the burning of 400T tokens by Vitalik.
Whale accumulation against the backdrop of declining supply is bullish for Shiba Inu's price prediction. If demand for the meme coin surges sharply at this point, it could trigger a massive price rally.
The SHIB burning rate is rapidly increasing, which could drive a bullish price breakout. Data from Shibburn shows that in the last 24 hours, this burning rate has risen by 11,000%, and over 28 million tokens have been removed from circulation supply.
This increase also adds to the bullish factors that could lead to a restriction in SHIB supply in the near future, resulting in a bullish breakout. Additionally, since the last SHIB breakout in 2021 was due to a massive increase in the burning rate, a repeat of this trend would lead to massive upward gains.
