Shiba Inu Re-Enters Top 30 as Whales Withdraw 781 Billion Tokens

Shiba Inu has re-entered the top 30 cryptocurrencies by market capitalization after a significant move by large investors. Between June 25-29, these whales withdrew 781 billion SHIB tokens from exchanges, reducing available supply and stopping panic selling. The price of Shiba Inu has stabilized despite a recent downtrend, and it now trades in a tight range.

The token's market capitalization reached $2.48 billion, a significant boost for the cryptocurrency. The actions of these whales have set the stage for a potential price surge if positive signals emerge from Bitcoin or the wider market.

Shiba Inu has been experiencing its worst monthly performance in 2026, with a price drop exceeding 15% in June and a 38% decline year-to-date. However, this recent move by whales may indicate a shift in sentiment and a potential turnaround for the cryptocurrency.