612,300,642,168 SHIB lands in the hands of a mysterious whale

A wallet that typically does not receive many transactions has received 612.3 billion SHIB in a single transfer, representing approximately $9.83 million at the time of the transfer. The tokens were sent to the address "0x72," which now has a large balance of SHIB, as well as other tokens like PEPE and DAI. The total value of the wallet is around $21.5 million.

If you look at the flow of funds, you will see that Shiba Inu (SHIB) came from "0xAD74." This wallet had obtained the tokens earlier from "0xBf9," which initially obtained them from a hot wallet on Binance. Thus, the tokens left the exchange, passed through two addresses, and ended up where they are now.

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This was not a sudden movement. The receiving wallet has slightly increased its position over the past few months. Previous transactions show regular entries of SHIB, as well as large amounts of PEPE and nearly five million DAI.

There have not yet been any transfers of SHIB out of the wallet, suggesting that this is more of a long-term holding strategy than a short-term trading move.

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The way these funds were moved - out of the exchange, through intermediary wallets, and into a quiet holding address - gives the impression that this is part of a larger accumulation strategy. The activity does not suggest any quick resale or speculative movement. It seems that the owner of the wallet has been slowly transferring over time.

Shiba Inu often sees quick exchanges and large volumes, but this kind of slow and discreet accumulation deserves to be monitored, especially when it comes from a wallet that is now holding one of the largest reserves of SHIB on-chain.