Usman Salis
Some deep-pocketed investor just went all-in on Shiba Inu (SHIB), doubling down with over 100 billion tokens through Coinbase Prime in a single day. The $2.4 million buying spree happened while SHIB was actually dropping - talk about buying the dip.
A whale with serious money just made waves in the Shiba Inu market, scooping up more than 100 billion SHIB tokens in a massive accumulation play. Arkham Intelligence caught this mysterious wallet red-handed, showing it now sits on 186.68 billion SHIB - that's roughly $2.4 million worth at today's prices.
This wasn't random panic buying. The whale executed six identical transfers of 14.427 billion SHIB each, then added another 9.6 billion SHIB for good measure. Every transaction came straight from Coinbase Prime's hot wallet, screaming either big institutional money or some whale using Coinbase's premium services.
SHIB Price Gets Hammered While Whale Keeps Buying
Here's the kicker - this whale was buying while everyone else was selling. SHIB got hammered during this buying spree, tumbling from over $0.000013 down to $0.00001255 before clawing back to $0.00001278. Most people would've waited for the bleeding to stop, but not this whale.
This contrarian move shows serious conviction. When you're dropping millions while the price is tanking, you either know something the market doesn't or you've got nerves of steel. The wallet's value shot up on July 30, and here's the thing - not a single SHIB has left that address since.
Big Money Making Big Shiba Inu (SHIB) Price Rockets Moves
The fact this went down through Coinbase Prime tells us we're dealing with either institutional players or some seriously wealthy individual. The way these transfers happened wasn't impulsive - six identical chunks followed by a smaller top-up screams calculated strategy, not FOMO buying.
What's got everyone's attention is the complete radio silence from this wallet since the buying finished. No selling, no profit-taking, nothing. Just holding tight to that massive SHIB stash like they're planning something bigger. When someone's willing to bet $2.4 million on SHIB during a dip, people notice.
Usman Salis
