Coinbase Moves 1,163,213,299,134 Shiba Inu Tokens in Minutes
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Coinbase moved 1,163,213,299,134 Shiba Inu (SHIB) tokens in three large on-chain transfers, according to Arkham Intelligence and reported July 23, 2026. The transfers bypassed the spot market order book, indicating internal CEX custody or OTC routing rather than immediate market selling, which limits immediate price pressure but raises questions about custody, liquidity and exchange security for the token.
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Coinbase has transferred more than 1.16 trillion Shiba Inu tokens through three large transactions, drawing attention from on-chain observers. According to blockchain data from Arkham Intelligence, the Shiba Inu transfers did not pass through the spot market order book.
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