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The early SHIB whale sold 600 billion tokens but still holds 96.2 trillion SHIB.
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SHIB price weakness and exchange inflows continue fueling bearish market sentiment.
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Community criticism and Kusama’s absence raise fresh concerns about ecosystem leadership.
Another massive Shiba Inu whale transaction has grabbed market attention. A transfer involving 600 billion SHIB quickly sparked fears of another major selloff. Many traders worried another early investor had finally decided to walk away. However, blockchain data tells a more balanced story. While recent sales look significant, the wallet still controls an enormous SHIB position. That detail changes how many investors may view recent activity.
Most people have completely lost faith in $SHIB because the ecosystem has failed to deliver anything meaningful.
A few die-hards still keep saying “$SHIB is SHIB,”
The truth is, in the market’s eyes, $SHIB and its ecosystem are now one and the same. No single person can… https://t.co/d0o6hBvCRK
— WOOF (@woofswap) June 22, 2026
Whale Keeps Selling, But Holds Far More
Blockchain analytics platform Arkham flagged a transfer worth about $2.8 million on Monday. The movement came from a wallet connected to one of Shiba Inu’s earliest supporters. Such transactions usually attract attention because large holders can influence market sentiment. Despite another major sale, available data suggests no complete exit has started. The wallet originally accumulated roughly 103 trillion SHIB during August 2020. During the 2021 rally, those holdings reached a value above $9 billion.
Recent on-chain activity shows steady transfers toward addresses linked with distribution. Around 3.8 trillion SHIB left that wallet during the past month. Even after those transactions, roughly 96.2 trillion SHIB remain under control. Current market prices value those remaining tokens above $430 million. That remaining balance stands out more than recent selling. The latest transfer represents only a small percentage of total holdings. Such behavior suggests gradual profit-taking instead of full liquidation. Many experienced investors prefer measured selling during uncertain market conditions.
Meanwhile, SHIB continues facing heavy pressure across the broader crypto market. The token has fallen more than 18% during the past month. Year-to-date losses now exceed 32%. Current prices also remain nearly 95% below previous record highs. Exchange data adds another layer of concern. More SHIB continues flowing toward exchanges than leaving them. Traders often view that trend as a sign of increasing selling pressure.
Community Frustration Continues Growing
Price weakness has also fueled frustration across parts of the Shiba Inu community. Decentralized exchange WoofSwap openly criticized ecosystem leadership through a post on X. According to the platform, many investors have lost confidence after limited development progress. WoofSwap also argued that discussions continue revolving around the same leadership group. According to those comments, meaningful change could restore market confidence.
Such criticism reflects growing impatience among community members after months of disappointing performance. Another concern involves lead developer Shytoshi Kusama. Kusama has remained inactive on X for more than five weeks. That absence has encouraged speculation across social media. Some investors wonder whether attention has shifted toward another artificial intelligence project called R. OS.
Even with criticism increasing, whale holdings remain the largest story. Massive remaining reserves could influence future market direction for months ahead. Investors will likely continue watching both whale movements and ecosystem developments closely. Those two factors may shape SHIB’s next major move.
