Shiba Inu cryptocurrency in significant numbers (132,349,883,389) leaves Coinbase, indicating a transaction by a significant investor, fueling a bullish trend for the meme coin.
In a recent development, an anonymous entity has amassed a substantial amount of Shiba Inu (SHIB) tokens, worth approximately $1.66 million, from Coinbase's hot wallet. The transactions, which occurred in three separate instances, saw the transfer of 132.35 billion SHIB coins.
The accumulation of SHIB coins by this mystery investor suggests that they view the current price range as an attractive entry point. This trend indicates that significant investors are still bullish on Shiba Inu, despite the summer-long trading range of $0.0000100 to $0.0000150.
The market for Shiba Inu has shown resilience, with inflows like these indicating that liquidity is present, even during price dips. The token has managed to maintain its base since early 2025, with solid bids preventing a significant drop, despite unsuccessful attempts to break out of the trading range.
However, it remains unclear whether this whale will continue to accumulate or sell their SHIB tokens in the future. The identity of both the whale and the recipient of the tokens has not been disclosed in the available search results.
The accumulation of Shiba Inu tokens is a clear sign that the cryptocurrency is still attracting attention from large investors, despite a decrease in retail interest. On Binance, Shiba Inu was trading near $0.0000125, down about 1% in the latest session.
Earlier in the day, another 39.5 billion SHIB, worth about $496,000, were added to the wallet. A smaller inflow of 19.0 billion SHIB, worth approximately $241,000, occurred the day before. Interestingly, the collected SHIB coins have not been moved from the wallet, indicating that this is not a short-term cycle but rather an accumulation strategy.
The balance sheet of Shiba Inu continues to reflect the cryptocurrency's potential, despite the lack of recent price movements on Binance. A key metric for SHIB has soared by 1,047%, costing 158,727,357 Shiba Inu coins.
In conclusion, the recent accumulation of Shiba Inu tokens by an unknown investor underscores the continued interest in the cryptocurrency, even during market dips. The long-term outlook for Shiba Inu remains uncertain, but its resilience and attractiveness to large investors suggest a promising future.
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