A Shiba Inu whale has ended an eight-month hiatus by quietly purchasing more than 50.25 billion SHIB tokens on Binance, according to Arkham data. These tokens, worth around $209,200, represent a significant accumulation at multi-year price lows near $0.000004142.
The whale’s activity stands out amid widespread losses suffered by retail holders, who are experiencing the impact of stagnant price action since early 2024. Instead of chasing fast gains, this investor is systematically using Binance’s largest liquidity pool to absorb discounted SHIB supply.
Analysis shows the purchases are deliberate, with SHIB being steadily withdrawn from Binance hot wallets into private custody. This behavior suggests a strategic attempt to build a strong position around key support zones originally seen in late 2022.
The coin’s next move depends on whether this $0.0000041 threshold holds. Sustained buying that forms a solid wall on Binance could limit downside and prevent triggering stop-loss orders among retail traders, possibly setting the stage for a future rally.
Recent market pressure has kept SHIB pinned near historic lows, but this renewed whale interest hints at a cautious shift in sentiment. The broader market awaits confirmation of a trend reversal before any clear momentum emerges.
