A Shiba Inu (SHIB) holder controls a dominant stake, with blockchain data revealing a single wallet holding 410 trillion SHIB tokens. This position represents roughly 41.04% of the circulating supply and is valued at over $5.43 billion.
The massive concentration introduces significant liquidity and price stability risks for the Shiba Inu token, as large movements by this whale could dramatically impact the market.
Meanwhile, XRP is showing bullish technical indicators, approaching a Golden Cross formation. Strong support is noted around $2.37. Sentiment is further boosted by ongoing speculation regarding the potential approval of a U.S.-based spot XRP exchange-traded fund (ETF).
Bitcoin faced notable selling pressure attributed to activity from a long-dormant whale. This Satoshi-era wallet holder moved 9,000 BTC to Galaxy Digital and transferred 7,843 BTC to exchange Bybit. Telegram updates specifically linked these transfers to a sharp intraday decline in Bitcoin’s price, pushing it to a low of $116,218.
Analysts advise market participants to closely monitor whale movements across these major assets, highlighting their substantial potential to influence price trajectories and overall market stability in the near term.