Why Shiba Inu (SHIB) Pump Failed: On-Chain Data Reveals How 52 Whales Cashed Out on Retail

Fresh on-chain research by Santiment reveals how 52 whales cashed out during a 37% SHIB surge, leaving retail buyers trapped at the top.

Gamza Khanzadaev · 27 Jul 2026 · 5 min read

Wire content from U.Today

Why Shiba Inu (SHIB) Pump Failed: On-Chain Data Reveals How 52 Whales Cashed Out on Retail

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By
Gamza Khanzadaev

Mon, 27/07/2026 – 16:49

Fresh on-chain research by Santiment reveals how 52 whales cashed out during a 37% SHIB surge, leaving retail buyers trapped at the top.

Why Shiba Inu (SHIB) Pump Failed: On-Chain Data Reveals How 52 Whales Cashed Out on Retail

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How retail’s fear of missing out gave whales an exit route
Who really controls Shiba Inu’s coin supply?

Shiba Inu’s (SHIB) two-day 37% surge ended according to the classic pump and dump scenario: large holders fully cashed out, selling their coins to late retail investors. Fresh on-chain data from Santiment analysts shows exactly how whales used the wave of mass excitement to lock in profits and leave retail traders with losses.

How retail’s fear of missing out gave whales an exit route

As soon as SHIB’s price began climbing, retail fear of missing out surged across social media. Shiba Inu’s social dominance index jumped to 0.084%, its highest level since April.

Ordinary traders rushed to buy the coin, but, as often happens, their attention peaked when the rally was already running out of steam. The crowd entered at the very top.

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At the same time, large players began unloading their wallets and cashing out. Within 24 hours, the network recorded 52 whale transactions, each worth more than $100,000 — the highest figure since late March.

*Shiba Inu (SHIB) whale transaction count and social dominance, Source:* *Santiment via Sanbase*

The influx of liquidity from retail buyers jumping onto the “departing train” created ideal conditions for large holders to convert their holdings into cash without immediately crashing the order books.

Large capital simply received the liquidity it needed, leaving smaller traders with nothing.

Who really controls Shiba Inu’s coin supply?

The detailed structure of SHIB holders on Etherscan explains why retail investors were powerless against the selling pressure and suffered immediate losses. Almost all the power is concentrated in a small number of hands. The Shiba Inu market remains highly centralized:

Just 0.05% of wallets, classified as whales, control 94.64% of the coin’s total supply.
The top five addresses hold 57.56%, including the main 0xdea… burn address, where 41.04% of the supply is permanently locked.
The largest accessible holdings are concentrated on exchanges: Robinhood holds 3.92%, Binance holds 3.42%, and Crypto.com holds 2.76%.