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There is a new Shiba Inu whale in the game, and they have just pulled 512.6 billion SHIB worth about $7.14 million out of Kraken's hot wallets in one go, as per Arkham data. The tokens went into a new address, which now has almost all of its $7.1 million balance in SHIB, as well as just 5 ETH worth about $23,000.
The wallet, marked as "0x2CC," has not moved any of the coins since the inflow. That leaves it as a one-sided account stacked almost entirely with SHIB, instantly ranking among the day's largest inflows and even surpassing flows into wallets tied to Coinbase and Binance with surprising ease and unusual clarity.
The purchase comes at a time when SHIB is trading near $0.0000138, which is about 5% down on the day. This makes the timing of the accumulation as intriguing as the scale and equally difficult to ignore.
Instead of waiting for a rebound, the buyer stepped in heavily during weakness, suggesting a different outlook from short-term traders who tend to reduce exposure in red sessions almost without hesitation or second thought.
Bullish for SHIB?
Pulling half a trillion SHIB out of Kraken is not just a "buy and store" move — it rewrites the short-term liquidity map. That amount, parked in a new wallet, is bigger than most daily exchange volumes for SHIB and instantly places the address in league with top institutional holders.
It stands out because the tokens were moved during a price drop, not a rally. This makes it look more like a planned entry made with intent to profit from it.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team