Billionaire-backed Shib Token Sees Massive Whale Accumulation

A sudden surge of activity has emerged within the Shiba Inu (SHIB) market, with trillions of tokens moving into the hands of large wallets, raising questions about a strategic shift by key players. Blockchain data reveals a rapid increase in SHIB holdings among institutional investors and high-net-worth individuals, jumping from just under 240 billion to over 6.4 trillion SHIB tokens within a single day. This trend continued the following day with netflows exceeding 6.2 trillion SHIB. Such a massive influx suggests these whales aren’t simply investing; they are actively engaging in an aggressive purchasing spree.