Coinbase Investor Adds $2.4M to Shiba Inu Holdings

A Coinbase investor has accumulated $2.4 million in Shiba Inu (SHIB) tokens in four transactions, purchasing 191.857 billion SHIB. The whale moved all tokens to a single wallet, suggesting long-term accumulation rather than short-term trading. SHIB is trading at $0.00001220 and its key resistance is at $0.00001689 with potential targets at about $0.00002025. The whale's accumulation activity occurs in the context of low liquidity in the SHIB market, which could amplify the influence of massive token flows on price discovery.

A significant investor on Coinbase has recently accumulated a substantial amount of Shiba Inu (SHIB) tokens, worth approximately $2.4 million. This accumulation, totaling 191.857 billion SHIB tokens, was spread across four separate transactions, with each move indicating a deliberate strategy rather than short-term trading. The investor transferred all tokens to a single wallet, suggesting a long-term accumulation plan rather than short-term speculation [2].

The accumulation of SHIB by this investor is notable due to the low liquidity in the SHIB market. The thin liquidity environment could amplify the impact of large token flows on price discovery, making the whale's moves particularly influential. SHIB is currently trading at $0.00001220, with key resistance levels at $0.00001689. A potential break above this resistance could target $0.00002025, while a break below support could lead to a pullback to the $0.000010 range [2].

Valour Inc., a subsidiary of DeFi Technologies Inc., has also expanded its offerings by launching eight new ETPs on the Swedish Spotlight market, including those for Shiba Inu (SHIB). This move is part of Valour's strategy to diversify its offerings and meet the growing demand for exposure to digital assets among investors in the Nordic region [1]. The new ETPs provide regulated and exchange-traded access to various cryptocurrencies and blockchain projects, with a management fee of 1.9% [1].

The accumulation of SHIB by this Coinbase investor, combined with the launch of new ETPs by Valour Inc., suggests a positive trend for the cryptocurrency. However, investors should remain cautious and monitor the market closely, as the concentration of large holdings can increase liquidation risk. The potential for significant price movements due to the whale's activity and the impact of new ETPs on the market should be closely watched by investors and financial professionals.

References:
[1] https://www.globenewswire.com/news-release/2025/08/28/3140895/0/fr/Valour-lance-huit-nouveaux-ETP-sur-le-march%C3%A9-boursier-Spotlight-notamment-Shiba-Inu-SHIB-Pi-PI-Ondo-ONDO-Cronos-CRO-Mantle-MNT-VeChain-VET-Ethena-ENA-et-Celestia-TIA.html
[2] https://en.coinotag.com/coinbase-investor-may-signal-shiba-inu-accumulation-after-2-4m-transfer-to-single-wallet/