Dormant Ethereum whale reactivates and buys 17,826 ETH as price breaks key support
first published 2026-06-05T14:08:26Z
A large Shiba Inu holder resumed activity after 10 months, transferring 399,989,999,938 SHIB worth about $1.95 million through BitGo’s Forwarder smart contract and leaving only a dust balance. The transfer comes while SHIB is down 15.04% on the week to $0.00000469 and has fallen below key support, with analysts warning of more downside if current levels do not hold.
AI Analysis
A large holder moved a very large SHIB balance after months of inactivity, and the token is already down 15.04% on the week and below key support. This is relevant for near-term trading because it signals potential supply overhang during an existing selloff.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
Source Articles
- $1.95 Million SHIB Awakening: Dormant Shiba Inu Whale Breaks 10-Month Silence - U.Today
- XRP Sell-off Hits $1.09 as Traders Face Fresh Downside Risk - Bitcoin.com
- Dormant Ethereum Whale Resurfaces With Massive ETH Accumulation—Could It Fuel the Next Rally? - Coinpedia
- Is Ethereum Falling Below $1,600 a Red Flag or a Green Signal to Buy? - Yahoo Finance
- 488 Billion Shiba Inu (SHIB) in 24 Hours: Exchange Flows Turn Even More Bearish - U.Today
