The price of Shiba Inu (Shib) Coin was stuck at around 0.0000118 at the end of September, and the chart shows little hope for a big move. After months of highs and liquidity drying, many retailers treat Shiv as “trash” rather than an attractive asset to trade.
But when the market is late, it's the whales who start operating behind the scenes, and that's exactly what we've seen in the past day with the popular meme coin.
New blockchain data shows that the unknown wallet has 41,958,447,274 shivs from Coinbase. This is around $502,240 at today's price.
A few hours later, the same wallet received another 97,192,000,000 Shib, and $1,150,000 worth of it. The two transactions added a maximum of 139,150,244,953 SHIBs, which is worth around $1,636,406.
What is Endgame?
On the charts, SHIB has dropped by about 70% from the December 2024 level, from nearly $0.00004. When the range in mid-December goes back to $0.000018 to $0.000020, the wallet will jump to about $2.5 to $2.7 million. That's a potential profit of over $1 million if the bet is rewarded.
Some say Shiv is worthless, but whales are one of the lowest levels of the year, piling up to hundreds of billions of tokens. The accumulation suggests someone is preparing for a rebound that could last in the fourth quarter, turning today's “trash” level into tomorrow's profit window.
