On-chain data has revealed a significant accumulation of 132.35 billion Shiba Inu (SHIB) tokens worth approximately $1.66 million by a single wallet in three large transactions traced to Coinbase hot wallets.
The movement included 73.7 billion SHIB worth $928,000 in one transfer, followed by 39.5 billion SHIB valued at $496,000 and 19 billion SHIB worth $241,000 the previous day.
Blockchain data shows that the tokens have remained unmoved since arriving in the whale wallet, pointing to an accumulation strategy rather than short-term repositioning.
SHIB, the second-largest meme coin by market capitalization after Dogecoin, has traded in a narrow range between $0.0000100 and $0.0000150 for most of the summer.
At the time of writing, it is changing hands around $0.0000125, reflecting price stability despite heightened whale activity.
The sizeable purchase underscores ongoing investor interest in meme coins, particularly SHIB, which continues to maintain strong liquidity across major exchanges.
Analysts note that whale accumulation often signals confidence in longer-term price movements, though the meme coin market remains highly speculative and volatile.
The Shiba Inu ecosystem, which has recently expanded with initiatives in decentralized finance (DeFi) and blockchain gaming, remains a focal point for retail traders and speculative investors.
Market observers are monitoring whether continued whale activity could trigger upward momentum or consolidate SHIB’s position within the meme coin sector.
