A jaw-dropping 3.36 trillion Shiba Inu (SHIB) tokens, worth $51.15 million, just changed hands. Whale Alert flagged the transfer from GnosisSafeProxy to an unknown wallet on February 7, 2025. The sender’s wallet is now empty, raising eyebrows across the crypto community.
Whale Activity or Strategic Move?
The new wallet holds the entire 3.36 trillion SHIB, making it their largest asset. Interestingly, this wallet also has 13,381 ETH, valued at around $35.2 million. While the motive behind this huge transfer remains unclear, speculation runs wild. Some believe it could be a security-related move, while others suspect an over-the-counter (OTC) deal.
This isn’t an isolated event. Just two days earlier, another unknown investor moved 1.23 trillion SHIB from Kraken to a private wallet. Such transfers often signal long-term holding strategies rather than immediate sell-offs.
Big Holders Keep Accumulating
Despite SHIB’s price struggles, large holders are bullish. In 2025 alone, they have accumulated 6.33 trillion SHIB tokens. February saw an additional 840 billion tokens added to their portfolios. This trend shows growing confidence in SHIB’s long-term potential.
In contrast, mid-tier investors are offloading their tokens. Those holding between 100 billion and 10 trillion SHIB sold a combined 5.21 trillion tokens. This suggests profit-taking or shifting funds to other assets.
Price Under Pressure
SHIB trades at $0.00001528, down 56% from its December highs of $0.000035. It has lost 18.76% over the past week and 27.86% in the last month. The token struggles below key exponential moving averages (EMAs) at $0.0000200 and $0.0000208. The MACD line is also in negative territory, indicating strong selling pressure.
If SHIB fails to hold the $0.000015 support level, it could drop to $0.000012 or even $0.000010. However, breaking above $0.000018 might trigger a short-term rebound, though resistance at $0.000020 could cap gains.
What’s Next for SHIB?
Large-scale investors continue to accumulate, mid-tier holders are reducing exposure, and retail investors remain cautious. Whether this massive 3.36 trillion SHIB move signals a market shift or just another whale strategy remains to be seen.
