Major Coinbase Investor Accumulates $2.4 Million in Shiba Inu Tokens

Quick Highlights One of the biggest Coinbase investors purchased 191.857 billion SHIB in four different transactions totaling $2.4 ￰0￱ is trading at $0.00001220 and its key resistance is at $0.00001689 with potential targets at about $0.00002025. The whale moved all tokens to a single wallet, suggesting long-term accumulation rather than short-term ￰1￱ of the leading cryptocurrency investors associated with Coinbase has been buying the Shiba Inu (SHIB) token in large quantities within the recent trading ￰2￱ whale bought 191.857 billion SHIB from the Coinbase hot wallet, in 4 transactions of approximately $2.43 ￰3￱ analytics firm Arkham Intelligence tracked the substantial token ￰4￱ transactions occurred in amounts of 22.47 billion, 38.39 billion, 102.59 billion, and 28.39 billion SHIB tokens, ￰5￱ biggest individual purchase was worth up to 1.28 ￰6￱ accumulation pattern is one of the largest SHIB concentrations in recent ￰7￱ tokens were withdrawn from the leading ￰8￱ exchange and deposited into a single wallet ￰9￱ further outflows are identified to have occurred on the destination ￰10￱ Performance and Technical Analysis SHIB is trading at around $0.00001220 at the time of writing, down 3.07% in the last 24 ￰11￱ token has established a trading range between $0.00001159 and $0.00001689 for the past three ￰12￱ indicators indicate key price levels for SHIB's near-term trajectory.

A breakout above the $0.00001689 resistance level could send the token toward $0.00002025. On the other hand, a breach below the $0.00001159 support zone may trigger a pullback to the $0.000010 ￰13￱ whale's accumulation activity occurs in the context of less liquidity in the market of ￰14￱ volumes remain low compared to the peak times in the meme coin ￰15￱ environment amplifies the possible influence of massive token flows on the price ￰16￱ token's potential to hold above current support levels will likely influence short-term sentiment among retail and institutional ￰17￱ Activity Signals Long-Term Strategy These purchases are concentrated, which is an attribute that makes them unique from the normal market ￰18￱ majority of recent SHIB transactions include smaller values that are shared among several addresses.

Whale's decision to consolidate nearly 192 billion tokens in a single wallet demonstrates a strategic accumulation ￰19￱ timing coincides with broader cryptocurrency market ￰20￱ and major altcoins have shown resilience despite regulatory uncertainties and macroeconomic ￰21￱ rotation from Bitcoin to Ethereum and other altcoins has increased in recent ￰22￱ stability could have attracted large investors to invest more in other tokens such as ￰23￱ whale's portfolio now consists of SHIB tokens worth $2.4 ￰24￱ concentration represents significant conviction in the token's potential ￰25￱ absence of diversification across other cryptocurrencies indicates a focused investment thesis.