A Shiba Inu whale has ended an eight-month pause and begun quietly buying SHIB on Binance, according to on-chain data from Arkham. The purchases line up with SHIB sitting at multi-year lows near its late-2022 support zone. Whether the accumulation turns into a reversal now hinges on one price threshold.
A large Shiba Inu holder has broken an eight-month silence to systematically buy SHIB, on-chain data from Arkham shows. The whale is using Binance, the token’s biggest liquidity pool, to buy while most retail holders realize losses in the absence of explosive growth.
According to TradingView data cited in the report, SHIB has compressed to multi-year lows near $0.000004142, returning to the key support zones of late 2022 and losing the speculative momentum seen in early 2024. The wallet’s behavior reflects a strategy of absorbing the local bottom.
The tracked address has accumulated more than 50.25 billion SHIB, the bulk of its holdings, worth approximately $209,200. Transfers pulled from Binance hot wallets refute the idea of an accidental purchase, instead pointing to a player systematically moving SHIB into personal custody after a long pause.
The next direction depends on whether the price can hold the historical threshold of $0.0000041. For the buying to develop into a full trend reversal, buyers would need to form a dense order wall in the Binance order book and prevent a breakdown below that level, which could automatically trigger retail traders’ stop-loss orders.
A breakout from the current narrow volatility range would be the main signal of a larger move. That would require heavy exchange volume alongside withdrawals to cold wallets, setting up what could be Shiba Inu’s first attempt in two years to challenge local resistance.
Source: U.Today
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