Gushiken Yona
The charts say “sell,” but one of the smartest traders in the Shiba Inu (SHIB) market just hit the “buy” button.
Key Points
- A high-value wallet identified as "0x1b1" withdrew 53.59 billion SHIB on December 15, exactly 364 days after exiting the market before the crash.
- The re-entry at $0.00000737 aligns with a broader trend of 8 trillion SHIB leaving exchanges, suggesting a supply shock despite bearish technicals.
- Analysts note a sharp divergence: while HolderStat warns of a "downtrend structure," flow data suggests smart money is front-running a reversal.
On-chain analytics reveal that sophisticated capital is aggressively re-entering the meme coin market after a year-long hiatus, creating a sharp divergence between bearish price action and bullish institutional flows. While technical analysts warn of further downside, high-conviction holders are absorbing the sell-side pressure at what they perceive to be the market bottom.
The “Perfect” Shiba Inu Trade
The clearest signal came this week from a high-value wallet identified by Arkham Intelligence as 0x1b1…bb27D. On December 15, the entity withdrew 53.59 billion SHIB from Coinbase, effectively moving the assets into self-custody.
What makes this transaction significant isn’t just the size, but the surgical timing. Transaction logs show this specific entity deposited a nearly identical amount to Coinbase on December 16, 2024, exactly 364 days prior.
By liquidating their position last December, this trader successfully front-ran the market, sitting in cash while Shiba Inu endured a brutal 72% correction throughout 2025. Their return to the market this week suggests that sophisticated players view the current $0.000007 level as a value floor.
Moving funds off an exchange usually indicates an intent to hold in “cold storage” rather than trade intraday volatility.
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The “8 Trillion” Supply Shock
The “0x1b1” wallet isn’t acting in isolation. This strategic re-entry correlates with a broader liquidity drain from centralized exchanges.
According to blockchain data, approximately 8 trillion SHIB tokens were withdrawn from trading platforms in the first two weeks of December.
Market intelligence platform Santiment highlighted the anomaly earlier this month, noting that “Shiba Inu has seen the highest amount of whale transfers since June 6th today, happening in tandem with a +1.06T net change to the amount of $SHIB on exchanges.”
When large-scale investors remove tokens from exchanges, it typically signals a cessation of selling intent. They are vaulting assets for the next cycle, creating a potential supply shock. If demand stabilizes even slightly, the reduced sell-side liquidity can spark volatile upside moves.
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Man vs. Machine: “Weak, But Not Broken”
This accumulation creates a classic “divergence” setup. Purely technical analysts remain pessimistic based on price structure.
A recent note from HolderStat flagged SHIB as remaining in a “downtrend structure,” arguing that attempts to bounce have failed to break the dominant trendline.
However, other market watchers see a floor forming. In a post on X, analyst @terra_army offered a more nuanced take, describing the asset as “range-bound and weak, but not broken.”
Pointing to a 1-month chart where SHIB is hovering near $0.00000737, the analyst noted that the price is holding key support levels. “@SHIB momentum is slowing on the downside, and indicators suggest accumulation rather than capitulation,” @terra_army wrote, adding that while there is no strong bullish reversal yet, the asset simply needs “BTC strength + meme coin hype to move.”
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YONA GUSHIKEN
Yona brings a decade of experience covering gaming, tech, and blockchain news. As one of the few women in crypto journalism, her mission is to demystify complex technical subjects for a wider audience. Her work blends professional insight with engaging narratives, aiming to educate and entertain.
