Ethereum Millionaire Accumulates 120,000,000,000 Shiba Inu in Four Strategic Transfers

A large Ethereum investor has recently turned heads within the Shiba Inu community after accumulating over 120 billion SHIB tokens in just a few days. 

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Data from Arkham Intelligence sheds light on this massive accumulation, which has quickly captured the attention of Shiba Inu’s community members.

Key Points 

• An Ethereum whale holding over $11 million in ETH accumulated more than 120 billion Shiba Inu tokens.
• The accumulation unfolded between March 23 and March 26, 2026, spanning four consecutive transactions.
• The sending wallet had previously sourced the funds from a multisig address associated with BitGo. 
• SHIB remains under broader market pressure, recently slipping below $0.000006 and triggering liquidations totaling approximately $70,830. 

Ethereum Millionaire Loads Up 120B SHIB 

According to Arkham, the Ethereum whale holding more than $11 million in ETH acquired over 120 billion SHIB from an unknown wallet in four transactions between March 23 and March 26. 

Notably, the whale conducted what appeared to be a test transfer on March 23, receiving 16.52 million SHIB worth under $100. Subsequently, the investor accelerated the accumulation, adding 49.72 billion SHIB shortly after the test transaction and repeating a similar 49.72 billion SHIB transfer the following day. 

Finally, the whale completed the sequence with an additional 20.55 billion SHIB on March 25, bringing the total to 120,006,156,669 tokens. At the current price of approximately $0.000006, this stash is worth around $720,000.  

Funds Remain Untouched

Notably, the tokens originated from an unidentified wallet that still holds about 18.04 billion SHIB. For context, this sending wallet had previously received over 120 billion SHIB from a multisig wallet linked to BitGo before initiating the transfers. 

Meanwhile, the receiving wallet continues to hold the newly acquired 120 billion SHIB untouched at press time. Although the whale’s identity and intent remain unclear, the transaction pattern suggests internal fund redistribution, as both wallets may belong to the same entity.

Moreover, the shift of funds to an on-chain address signals a bullish stance, as it implies no immediate intention to sell. As a result, this behavior could help ease short-term selling pressure on Shiba Inu.

SHIB Dips Below $0.000006, Causes Over $70K Liquidation 

However, the crypto market has entered a notable pullback, weighing heavily on Shiba Inu. Consequently, SHIB has slipped below the $0.000006 level and now trades at approximately $0.000005972, down 4.23% over the past 24 hours. This decline has also trimmed its seven-day gains to 3.98%.

Notably, the downturn has triggered liquidations totaling about $70,830, equivalent to 11.86 billion SHIB. Long traders absorbed the majority of the losses, accounting for roughly $63,700 (10.66 billion SHIB), while short positions recorded about $7,130 (1.19 billion SHIB) in liquidations.