Saad Ullah
Shiba Inu whales just grabbed 400 billion SHIB tokens worth about $10 million during the recent price drop. The big buy happened as SHIB price fell 10% alongside the broader crypto market selloff.
SHIB Price Takes a Hit But Whales Keep Buying
Big-money Shiba Inu investors moved around 400 billion SHIB tokens to Gemini exchange, dropping roughly $10 million even as the price tumbled 10%. This whale activity caught attention because these moves often signal what's coming next.
The timing's interesting - they're buying while everyone else is selling. The broader crypto market's been rough lately, and SHIB got caught up in it. But these whales are doubling down.
"Despite the price decline, the confidence shown by large holders could indicate a recovery is on the horizon," noted Market Commentator and Altcoin Analyst.
Early Shiba Inu (SHIB) Whale Adds to $108M Position
One of these big buyers is an OG Shiba Inu investor who's already pocketed $108 million from their original SHIB bet since 2020. When someone sitting on massive profits keeps buying during dips, that sends a clear message about where they think prices are headed.
SHIB Price Recovery Signals Look Strong
Analysts are seeing bullish signs for SHIB price action. When whales accumulate like this, it usually means less selling pressure ahead. Historically, that's often led to price pumps.
The on-chain data looks solid too. Exchange supply is dropping as tokens move to private wallets - less SHIB on exchanges means fewer people ready to dump.
Santiment pointed out: "Large-scale accumulation during consolidation phases often precedes explosive price moves." That's exactly what's happening here.
Plus, over 13 million SHIB tokens got burned recently, taking them out of circulation forever. While SHIB price is down right now, the whale activity and metrics suggest this dip might be setting up for the next move higher.
Saad Ullah
