Dormant SHIB whale scoops 30.18B tokens as burn rate spikes 5,223%

A Shiba Inu whale that had stopped buying for more than seven months resumed accumulation, purchasing 30.18 billion tokens on Binance.

A dormant Shiba Inu whale purchased 30.18 billion SHIB tokens on Binance, the address's first meaningful buy in more than seven months.

According to Arkham Intelligence on-chain data, the wallet had not added SHIB since December 2025, when it bought 70 million tokens in its last transaction.

The purchase brought the wallet's SHIB holdings to 50.28 billion tokens, valued at roughly $210,710. SHIB remains the largest asset in the wallet by dollar value, indicating the investor continues to place weight on the token.

The renewed whale activity coincides with a broader shift in SHIB market dynamics. Over the past 24 hours, the token's burn rate surged 5,223.98%, permanently removing 401.2 million SHIB from circulation, according to the SHIBBurn portal.

The burn spike accounted for nearly the entire weekly total of 457.5 million tokens destroyed, with a single transaction sending another 34.7 million SHIB to a burn address in the past hour.

SHIB's price rose 27.14% to $0.00000540, with intraday gains reaching as high as 36%. Trading volume hit $700 million, pushing the token's market capitalization to $3.18 billion and lifting it to around 25th place on CoinMarketCap.

Exchange outflows have reinforced the supply-side pressure. Investors withdrew roughly 74 billion SHIB from centralized exchanges, with more than 1 billion additional tokens moved in the past 24 hours. OKX transferred more than 168 billion SHIB from a hot wallet to cold storage, while Binance and Wintermute also shifted billions of tokens in internal wallet management.

The whale's return and the burn rate acceleration are separate mechanisms — the hundreds of millions of burned tokens represent a microscopic fraction of SHIB's total supply of 589.2 trillion. The real driver was the spike in spot market trading activity, which generated higher transaction volumes and the accompanying burn transactions. Still, the 5,223% burn figure acted as a powerful psychological factor for holders.

High-cap memecoins have dominated capital flows over the past 24 hours, with Pepe, Dogecoin and SHIB all landing among the top 10 gainers, according to CoinMarketCap. The concentrated capital has strengthened near-term momentum but also made the rally more fragile — if sentiment shifts, crowded positioning can unwind quickly.

Open interest in SHIB derivatives surged 60% over the past 24 hours, according to CoinGlass, indicating speculative capital is concentrating around the token. Whether the current momentum can be sustained depends on whether new buyers absorb potential profit-taking or the price retreats toward the $0.0000040 range. The key question for August is whether SHIB's rally marks the first stage of a broader memecoin cycle or an early sign of excessive speculation that could trigger a sharp reversal.

This article is for informational purposes only and does not constitute investment advice.