South Korean Whale Stocks Up on 361 Billion Shiba Inu Tokens

A South Korean cryptocurrency whale has amassed an impressive 361 billion Shiba Inu (SHIB) tokens, worth $23.53 million, in a single wallet.

The accumulation took place on Coinone exchange and coincides with SHIB's price testing critical moving average support levels, suggesting the whale is holding onto the assets rather than selling them.

This move comes as SHIB's price remains at a crucial support zone that could determine its near-term trend. If the support holds, SHIB may consolidate before attempting a price breakout; if it fails, a downtrend toward July lows could follow.