Shiba Inu (SHIB) posted a sharp 37% gain over two days as retail interest and social activity increased, but on-chain data indicated that large holders reduced exposure near the local high.

Santiment data showed that large SHIB transactions rose to 52 during the rally, the highest level since March 31. Social dominance also climbed to 0.084%, its strongest reading since April 2, as online discussion around the token increased. For meme tokens such as SHIB, spikes in social dominance often matter because trading activity can become more sensitive to crowd attention when narratives spread quickly across retail channels.

Shiba Inu surged +37% in two days, then quickly surrendered part of the move. Social dominance reached 0.084%, its highest since April 2nd, showing that crowd attention peaked when the breakout was already fizzling out. As the rally was still underway, there were 52 $SHIB … pic.twitter.com/FEqgCbN57r

— Santiment Intelligence (@SantimentData) July 27, 2026

SHIB Whales Sell Into Rising Retail Demand

The increase in whale transactions occurred as SHIB moved higher and retail interest expanded. The pattern suggests that some large holders sold tokens while smaller traders entered the market during the price surge.

SHIB whales can influence short-term market direction because they control large token balances. When large holders sell during strong rallies, they add supply to the market and can limit further gains. Retail buyers may also face losses if they enter after most of the price increase has already taken place.

SHIB traded near $0.000005 after declining 3.73% over 24 hours. Daily trading volume was about $268.1 million, indicating that market activity remained elevated despite the pullback.

The Shiba Inu burn rate also rose sharply. One transaction removed 62.5 million SHIB within an hour. Over 24 hours, the network burned 2.19 billion tokens, a 427% increase. Seven-day burns reached 2.67 billion SHIB after rising 7,524%. Token burns permanently remove coins from supply, but their market impact depends on scale relative to SHIB’s very large circulating supply and on whether demand remains active.

HOURLY SHIB UPDATE $SHIB Price: $0.00000501 (1hr -0.37% ▼ | 24hr -4.46% ▼ ) Market Cap: $2,952,586,877 (-4.44% ▼) Total Supply: 589,156,918,488,244

TOKENS BURNT Past Hour: 62,491,038 (1 tx) Past 24Hrs: 2,185,999,023 (426.98% ▲) Past 7 Days: 2,668,791,788 (7523.91% ▲) pic.twitter.com/ZvXQHCWmAs

— Shibburn (@shibburn) July 27, 2026

Technical Indicators Show Mixed SHIB Setup

SHIB moved above the Bollinger Bands’ middle line near $0.00000435 and traded close to the upper band. The MACD line also crossed above the signal line, while green histogram bars showed stronger buying momentum.

Source: TradingView

Resistance remains between $0.00000530 and $0.00000540. A daily close above that range could open a move toward $0.00000580 and $0.00000600. Support stands near $0.00000490, followed by $0.00000435. A deeper decline could expose the $0.00000410 to $0.00000400 range.

Derivatives data remains cautious. SHIB’s funding rate is close to neutral with a slight negative bias. The long-to-short ratio also remains below 1.0, near 0.88 to 0.90. These readings show that short sellers still hold a modest advantage. Funding rates and long-to-short ratios are closely watched because they show whether leveraged traders are paying to maintain long or short exposure, adding another view of sentiment beyond spot volume and on-chain transfers.

Source: Coinglass

SHIB whales, social activity, burn data, and derivatives positioning remain key market signals after the recent retail-driven rally. Lower social interest and reduced whale selling could support a more stable recovery.