Major SHIB Whale Transfers $1.97 Million Worth of Tokens from Coinbase to New Wallet
A significant Shiba Inu whale has moved 161.3 billion SHIB tokens worth approximately $1.97 million from Coinbase to a previously inactive Ethereum wallet. The huge movement is one of the largest SHIB whale movements recorded this month.
The withdrawal occurred in two separate transactions over recent days. The whale transferred 62.85 billion SHIB two days ago, worth $756,770. A bigger transfer of 98.47 billion SHIB, valued at $1.19 million transpired 14 hours ago. The two transactions were transferred to the same destination wallet, which had no previous transaction history.
Source: Arkham
The whole balance of 161.32 billion SHIB is now stored in the receiving wallet. According to blockchain records, the wallet can be traced to the Ethereum network as being completely new. The fact that the whale decided to use a new address speaks of a strategy behind the movement.
Exchange Outflows Signal Strategic Positioning
Large-scale withdrawals from major exchanges like Coinbase typically indicate several possible strategies. For security reasons, exchange storage might not be the most convenient choice compared to self-custody. Some investors move tokens to participate in decentralized finance protocols or staking opportunities.
Shiba Inu's Layer-2 solution Shibarium provides additional utility for SHIB holders. The network facilitates cheaper transactions and smart contracts. Such characteristics can encourage big holders to redeem tokens to access the ecosystem.
Exchange outflows also remove selling pressure from immediate market availability. Removal of tokens by the whales off exchanges decreases the supply readily available for trading. The dynamic may impact price movements but the results are mixed depending on the situation in the market.
This withdrawal coincides with rather stable SHIB price action. The present market situation might have presented a perfect timing for strategic repositioning without causing significant price disruption.
SHIB Trading Activity Shows Reduced Volume Compared to Early 2025
At the time of writing, Shiba Inu trades at approximately $0.0000122, representing a modest 1% gain in the last 24 hours. The token experienced a brief dip to $0.0000117 earlier this week before recovering to its current levels.
SHIB Price. Source: CoinMarketCap
Throughout the majority of 2025, the meme cryptocurrency has been range-bound with the values of between 0.0000115 and $0.000018. This is a consolidation period in the trading range following previous volatility periods.
According to Binance data, SHIB daily trading volume averages around $150 million this month. This figure marks a substantial decline from peak volumes exceeding $1 billion during early 2025's rally period. The reduced trading activity makes large whale movements more noticeable within market dynamics.
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Major SHIB Whale Transfers $1.97 Million Worth of Tokens from Coinbase to New Wallet
A significant Shiba Inu whale has moved 161.3 billion SHIB tokens worth approximately $1.97 million from Coinbase to a previously inactive Ethereum wallet. The huge movement is one of the largest SHIB whale movements recorded this month.
The withdrawal occurred in two separate transactions over recent days. The whale transferred 62.85 billion SHIB two days ago, worth $756,770. A bigger transfer of 98.47 billion SHIB, valued at $1.19 million transpired 14 hours ago. The two transactions were transferred to the same destination wallet, which had no previous transaction history.
Source: Arkham
The whole balance of 161.32 billion SHIB is now stored in the receiving wallet. According to blockchain records, the wallet can be traced to the Ethereum network as being completely new. The fact that the whale decided to use a new address speaks of a strategy behind the movement.
Exchange Outflows Signal Strategic Positioning
Large-scale withdrawals from major exchanges like Coinbase typically indicate several possible strategies. For security reasons, exchange storage might not be the most convenient choice compared to self-custody. Some investors move tokens to participate in decentralized finance protocols or staking opportunities.
Shiba Inu's Layer-2 solution Shibarium provides additional utility for SHIB holders. The network facilitates cheaper transactions and smart contracts. Such characteristics can encourage big holders to redeem tokens to access the ecosystem.
Exchange outflows also remove selling pressure from immediate market availability. Removal of tokens by the whales off exchanges decreases the supply readily available for trading. The dynamic may impact price movements but the results are mixed depending on the situation in the market.
This withdrawal coincides with rather stable SHIB price action. The present market situation might have presented a perfect timing for strategic repositioning without causing significant price disruption.
SHIB Trading Activity Shows Reduced Volume Compared to Early 2025
At the time of writing, Shiba Inu trades at approximately $0.0000122, representing a modest 1% gain in the last 24 hours. The token experienced a brief dip to $0.0000117 earlier this week before recovering to its current levels.
SHIB Price. Source: CoinMarketCap
Throughout the majority of 2025, the meme cryptocurrency has been range-bound with the values of between 0.0000115 and $0.000018. This is a consolidation period in the trading range following previous volatility periods.
According to Binance data, SHIB daily trading volume averages around $150 million this month. This figure marks a substantial decline from peak volumes exceeding $1 billion during early 2025's rally period. The reduced trading activity makes large whale movements more noticeable within market dynamics.
Read More
Dogecoin Whales Buy 2B DOGE at $0.245—Price Pattern Signals 800% Surge