TL;DR:
- Wallet address “0xDB345” acquired tokens worth approximately $119,330.
- The move follows a 6.78% drop in the price of SHIB, placing it near critical support levels.
- The investor’s portfolio now totals 61.84 billion SHIB, valued at over $484,000.
The memecoin segment is once again under the spotlight of the crypto community following an unexpected institutional move. Data from Arkham reveals that a Shiba Inu whale accumulates SHIB once again after six months of absolute silence, withdrawing approximately 15.18 billion tokens from Binance.
The context is one of high tension for the Japanese dog-themed cryptocurrency. Notably, by making this purchase, the investor is applying a “Dollar-Cost Averaging” (DCA) strategy to lower their average entry price, demonstrating a long-term vision despite their initial position still reflecting latent losses.
Portfolio Strategy and Centralized Asset Dominance
It is interesting to observe that this large holder is not limited only to Shiba Inu; they manage a diversified portfolio exceeding $1.6 million. Among their most prominent holdings are BNB, Ethereum, and a considerable amount of FET tokens, suggesting a marked interest in both the memecoin segment and artificial intelligence.
However, what truly distinguishes this market player is their exclusive reliance on centralized exchanges. Unlike other “whales” that interact with DeFi protocols, this address operates solely through platforms like Binance, which could indicate institutional fund management or a more conservative risk profile.
In summary, the reactivation of this wallet suggests that large-scale capital sees current price levels as a buying opportunity. Analysts are watching closely to see if this accumulation will be enough to stabilize SHIB’s value or if global market bearish pressure will continue to force further support tests in the coming days.
