Shiba Inu Whale Seizes Market Crash to Acquire 257.5B SHIB for $4.6M

A Shiba Inu (SHIB) whale has bought 257.5 billion SHIB tokens, bringing its total holding to 477.5 billion SHIB.

A further crash in the price of the meme coin could put the cryptocurrency at the risk of a death cross.

The trading volume of the meme coin soared 260% in the past day while On-Balance Volume also remained bearish.

After the market dropped, this whale accumulated another 257.5B $SHIB($4.6M).

This whale currently holds 477.5B $SHIB($8.57M).https://t.co/k75VUmJZRh pic.twitter.com/xu5GYKZBcN

— Lookonchain (@lookonchain) January 27, 2025

After the market dropped, this whale accumulated another 257.5B ($4.6M).

This whale currently holds 477.5B ($8.57M).

— Lookonchain (@lookonchain)

Shiba Inu Death Cross

Source: TradingView

Source: TradingView

SHIB Price Analysis

Source: TradingView