Recently, my attention was drawn to an interesting activity on the blockchain — an Ethereum whale holding more than $11 million ETH has been collecting SHIB coins in very large amounts. Over a four-day period, from ( March 23-26), this investor conducted a series of transactions and managed to accumulate over 120 billion SHIB tokens through four transfers.

Interestingly, they started with a small test transaction of 16.52 million SHIB worth less than $100, then quickly accelerated their purchases by adding 49.72 billion SHIB, followed by a similar amount the next day, ending with 20.55 billion SHIB. Their total position now reaches 120 billion tokens. Data from Arkham Intelligence shows this fund originates from a multisig wallet associated with BitGo, indicating this might be an internal redistribution from the same entity.

However, the market situation does not support this bullish momentum. SHIB coins are under heavy pressure — the price has fallen below $0.000006 and is currently trading around $0.000005972, down 4.23% in 24 hours. This decline triggered liquidations worth $70,830, with long traders absorbing the largest losses. Although this large accumulation could be seen as a positive signal because the whale is not immediately selling, broader market pressures still dominate SHIB coin movements for now.