Shiba Inu Whale Resumes Accumulation With $125K Purchase

A Shiba Inu whale has ended its seven-month silence by purchasing 30.18 billion SHIB from Binance, valued at $125,270.

This significant purchase marks the whale's first substantial acquisition of SHIB in over seven months and lifts its holdings to 50.28 billion SHIB, currently worth $210,710.

The recent activity coincides with exchange outflows, as investors withdraw SHIB from centralized exchanges, reducing the token's availability on trading platforms.

This trend has continued over the past 24 hours, with more than 1 billion SHIB withdrawn. Meanwhile, leading exchanges have been transferring billions of SHIB between their wallets for internal management purposes.