Key Insights
An anonymous wallet acquired 187.86 billion SHIB, valued at $2.3 million, through two bulk purchases directly from Coinbase Prime.
The wallet’s second wave of buying alone totaled over 163 billion SHIB, outpacing exchange inflows from Binance and Bitpanda.
Shiba Inu's price dipped 2.3% to $0.0000121, as whale accumulation occurred near a key support level of $0.0000110.
A previously unknown crypto wallet has quickly gained attention after receiving an extraordinary volume of Shiba Inu (SHIB) tokens directly from Coinbase Prime. Within a week, the wallet absorbed a total of 187.86 billion SHIB, worth nearly $2.3 million, instantly positioning it among the top players in SHIB accumulation.
The accumulation unfolded in two distinct phases. The first round included two notable purchases, totaling 14.96 billion and 8.96 billion SHIB. The second phase occurred 18 hours ago, when multiple large blocks began arriving at the address. This included four consecutive transfers of 15.53 billion SHIB each, alongside additional tranches of 8.58 billion and 8.96 billion SHIB.
Top Inflow Wallet Outside Major Exchanges
This buying spree pushed the wallet into the second position on the 24-hour SHIB inflow leaderboard, trailing only Coinbase, according to Arkham data. More than 163 billion SHIB were funneled into the address during the latest phase alone. In comparison, exchange wallets from Binance, Bitpanda, and Coinbase each processed between 80 and 110 billion SHIB in inflows on the same day.
The holdings in the wallet consist exclusively of SHIB tokens, making the address one of the most SHIB-concentrated wallets on record. Its appearance on inflow leaderboards alongside entire exchange wallets highlights the scale of its activity and its growing significance in the token’s ecosystem.
SHIB Price Reacts to Market Activity
Shiba Inu is currently trading at $0.0000121, reflecting a daily decline of 2.3%. The price nears a support zone at $0.0000110, while notable resistance levels remain at $0.0000169. $0.0000205 and $0.0000297. Despite current price weakness, the timing of the large-scale acquisition suggests strategic accumulation by the entity behind the wallet.
The post Whale Wallet Absorbs $2.3M in SHIB, Surges to Top of Inflow Rankings appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
