Despite recent market volatility, Shiba Inu (SHIB) shows resilience, trading at $0.00001734, down 3.6% on the week. A whale address, known for holding substantial tokens and influencing market trends, deposited 1.088 trillion SHIB (around $18 million) to Binance. This whale has been accumulating SHIB since the market bottom in late 2023, yielding an estimated profit of $8 million, a 79% increase.

This deposit might indicate an intention to sell, but it's unclear if the whale will realize their profits. However, according to CoinMarketCap, a market sale of $1 million worth of tokens would only decrease SHIB's price by 2% on Binance, demonstrating the coin's robust market depth. Meanwhile, SHIB has seen a 4.4% increase over the past 24 hours, recovering some of its recent losses. The market's response to this whale activity will be a key factor to watch in the coming days.