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A dormant Ethereum address has just woken up with a bang, receiving nearly half a trillion Shiba Inu (SHIB) tokens in a single $4 million transfer, making the wallet an instant SHIB billionaire.
Blockchain data by Arkham shows that address "0xde6d...ceee8," which now has over $12.2 million in assets, was topped up with 472.3 billion SHIB directly from Coinhako's hot wallet just four hours ago.
The same wallet also got 2,122 ETH worth around $7 million in a parallel transfer, which suggests that whales are accumulating Ethereum-based assets across the whole ecosystem. But the SHIB deposit is a real standout — in terms of both size and timing.
SHIB is still holding strong at just below the $0.000009 price point, but recent fluctuations have hit a break due to a sudden halt in meme coin sector inflows.
Even so, the chart structure for the Shiba Inu coin held strong after a golden cross formed between the 23-day and 50-day moving averages earlier this week. If it does, the next clear resistance is at $0.00001102.
Who's this?
This address is not new; it has been collecting smaller caps like ASTER, ONDO and BASED over the past year. But today's synchronized ETH-SHIB injection suggests a pivot in strategy. The Shiba Inu position now accounts for over 32% of the wallet's total value.
We do not know who is behind the address, but the Coinhako origin suggests it is probably a Singapore-based high-net-worth entity. It is difficult to say if this is smart money front-running a bigger SHIB breakout or just parking funds in anticipation.
Gamza Khanzadaev
Tomiwabold Olajide
Denys Serhiichuk
Alex Dovbnya