An on-chain maneuver has signaled a potential shift in the Shiba Inu (SHIB) market, as a large investor reactivated after an eight-month hiatus to quietly absorb tokens. According to data from Arkham, the whale has been systematically purchasing SHIB directly via Binance, the token’s largest liquidity pool.
The accumulation occurred while SHIB traded near multi-year lows of $0.000004142, levels not seen since late 2022. This return to key support zones completely erased the speculative momentum from early 2024. The wallet has now amassed over 50.25 billion SHIB tokens, worth approximately $209,200, which constitutes the vast majority of its holdings.
The transactional pattern and outgoing transfers from Binance hot wallets confirm a deliberate strategy rather than an accidental purchase. The buyer is withdrawing tokens into personal custody after a prolonged period of inactivity, suggesting a calculated bottom-fishing approach.
For the accumulation to mature into a full-scale trend reversal, SHIB must hold the critical $0.0000041 threshold. A dense order wall in the Binance order book and sustained withdrawal volume to cold wallets would be necessary to prevent breakdowns that could trigger retail stop-losses. A breakout from the current narrow volatility range would be the clearest signal, potentially setting the stage for SHIB’s first test of local resistance in two years.
