Shiba Inu Jumps 12% in 1 Month as Whale Activity Surges

Shiba Inu (CRYPTO: SHIB) gained 12% over the past month as whales moved billions of tokens between exchanges and private wallets, raising questions over selling or accumulation.

SHIB Whale Activity Heats Up

An unidentified wallet withdrew 125.33 billion SHIB, worth roughly $678,000, from a BitGo-affiliated address, according to Arkham data cited by TheCryptoBasic on Sept.10.

The tokens landed in a newly created wallet with no previous on-chain activity.

While exchange withdrawals can suggest an intention to hold rather than immediately sell, the wallet owner’s identity and plans remain unknown.