Unknown Whale Acquires $9.45M Shiba Inu in Two-Year Accumulation

Edgen Crypto

·Feb 27 2026, 21:12

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Key Takeaways

An unidentified wallet has methodically accumulated $9.45 million worth of Shiba Inu (SHIB) tokens over a two-year period, exclusively from the CoinOne exchange. This sustained buying activity signals strong bullish conviction from a large holder, potentially setting the stage for a supply squeeze.

An unidentified wallet has acquired $9.45 million in SHIB tokens over a sustained period.
The accumulation occurred consistently over two years, with all withdrawals originating from the CoinOne exchange.
This large-scale buying reduces the available SHIB supply, signaling strong holder confidence and potential upward price pressure.

Single Wallet Amasses $9.45M in SHIB From CoinOne

An unidentified wallet has systematically built a significant position in Shiba Inu (SHIB), accumulating $9.45 million worth of the token over the last two years. The entity's strategy has been remarkably consistent, with all funds being withdrawn exclusively from the South Korean cryptocurrency exchange CoinOne. This long-term, focused accumulation pattern suggests a deliberate and patient investment strategy by a single, large-scale holder, colloquially known as a whale.

Sustained Buying Signals Supply and Sentiment Shift

The consistent withdrawal of such a large volume of SHIB from a single exchange has direct implications for the token's market dynamics. By moving $9.45 million in assets off the open market and into private storage, this whale is effectively reducing the circulating supply available for trading. Such a reduction can create a supply squeeze, where diminishing availability coupled with steady or rising demand puts upward pressure on the token's price. For other market participants, this two-year accumulation campaign serves as a powerful bullish signal, demonstrating deep conviction in the long-term value of Shiba Inu from a well-capitalized entity.