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SHIB ON-CHAIN REPORT | April 27 – May 4, 2026
Market Overview
🟧 SHIB crosses a major adoption milestone while exchange activity remains active but balanced. Retail demand surged while whale positioning held steady.
1. Holder Milestone
SHIB reached 1,584,275 unique addresses, confirming continued expansion of the holder base.
2. Massive Monday Spike
April 27 delivered the strongest daily growth, driving a weekly total of ~24,000 new wallets.
3. Growth Phases
Early week growth ranged from +1,100 to +10,000 daily.
Late week stabilized to ~1,050 new holders per day.
4. Retail vs Whale Structure
Top 100 wallets still control ~61% excluding burn, showing whales are holding while retail enters.
5. Exchange Netflow
Arkham data shows a -131B SHIB net outflow from exchanges.
This signals movement toward self custody rather than selling.
6. High Volume Churn
Over 1T SHIB moved between wallets, largely identified as internal reshuffling, not real sell pressure.
7. Revolut & Binance Activity
Large transfers between these platforms were flagged as operational flows, not market exits.
8. Exchange Balances Snapshot
Binance holdings slightly increased to ~82.1T SHIB
Robinhood remains stable at ~54T SHIB
Crypto. com shows outflows toward cold storage
Top 10 wallets (~164T SHIB) continue consolidating
Key Insight
Retail adoption is accelerating again, reaching levels not seen since previous major cycles. At the same time, exchange reserves are thinning slightly, creating a more stable supply environment.
High activity without net selling pressure suggests repositioning rather than exit.
SHIB is expanding its base while holding structural strength.

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