The price of Shiba Inu has remained muted, stuck near $0.00001159 at the time of writing, leaving retail traders frustrated. Months of lower highs and falling liquidity have dampened sentiment, with many dismissing the meme coin as an unattractive asset. However, while smaller traders exit the market, blockchain data indicates whales are positioning themselves quietly. Recent accumulation has reignited speculation that large holders are preparing for a rebound in the final quarter of the year. Large SHIB Transfers Signal Accumulation On-chain data tracked a significant movement of Shiba Inu tokens from Coinbase into an unknown wallet. Reports confirmed the wallet withdrew 41,958,447,274 SHIB, valued at around $502,240 at the time of transfer. Hours later, the same address received another 97,192,000,000 SHIB, equivalent to $1.15 million. Combined, the wallet secured 139,150,244,953 SHIB, with a total value of approximately $1.64 million at today’s price. Source: Arkham The timing of these purchases coincides with Shiba Inu’s weakest levels of the year. The token has lost approximately 70% of its value since December 2024, when it traded at a price of around $0.00004. Its current consolidation suggests whales are capitalizing on discounted levels, building positions that could deliver outsized gains if momentum shifts. Potential Upside If Market Recovers The whale might be rewarded with profit if Shiba Inu regains the trading range that the token was in the middle of December 2024. The price varied then between $0.000018 and $0.000020, which is very high at the present level. At such a price, the contents of the wallet would experience an increase in value of between $2.5 million and $2.7 million as compared to the current amount of $1.64 million. The result of such an increase would give an investor a profit of over one million dollars. The move by Whale goes against the current retail mood, with it most recently calling SHIB trash. The whales are likely to be waiting on a recovery that runs into Q4 by stockpiling the tokens when sentiment is poor. The purchases highlight the common pattern in the crypto market, where large investors usually use fallen prices to buy.
