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South Korean whale wallet hoards 361 billion Shiba Inu tokens amid key price support test

Market News
10 Sep 2026
UToday
View Source
Neutral
South Korean whale wallet hoards 361 billion Shiba Inu tokens amid key price support test

A major South Korean cryptocurrency whale has accumulated 361 billion Shiba Inu (SHIB) tokens, transferring them from the Coinone exchange to a single wallet worth $23.53 million. This accumulation coincides with SHIB's price testing critical moving average support levels, suggesting the whale is holding rather than selling. Small test transfers to other exchanges hint at possible future activity, while the token's price remains at a crucial support zone that could determine its near-term trend. If the support holds, SHIB may consolidate before attempting a price breakout; if it fails, a downtrend toward July lows could follow.

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