Shiba Inu Whales Just Withdrew Over 2 Trillion Tokens From Exchanges — What This Means For SHIB
Over 2 trillion Shiba Inu (SHIB) tokens have been withdrawn from major cryptocurrency exchanges in the past week, with Coinbase, Binance, and Uniswap leading the outflows.
This large-scale movement of SHIB coincides with a period of price consolidation, raising speculation about potential accumulation by large investors.
According to data from crypto analytics firm Arkham Intelligence, Coinbase recorded its largest single withdrawal, with 1.73 trillion SHIB tokens, valued at approximately $24.15 million, transferred from a hot wallet. This included a series of transactions, notably a 79.385 billion SHIB withdrawal on Saturday and a 472 billion SHIB withdrawal earlier on Wednesday, both sent to new private wallets.
Additionally, Binance, the world’s largest crypto exchange, saw 1.98 trillion SHIB tokens (around $26.7 million) withdrawn across multiple wallets. A significant cold wallet outflow of 300 billion SHIB further supports the notion that institutional or high-net-worth investors may accumulate and store SHIB securely off exchanges.
Elsewhere on the decentralized front, Uniswap experienced an outflow of 926 billion SHIB tokens, valued at approximately $13.25 million. Unlike centralized exchanges, these withdrawals suggest a preference for decentralized finance (DeFi) solutions, potentially for staking or liquidity provisioning.
Notably, large-scale exchange withdrawals often reduce the available supply of a token on exchanges, which can create conditions for bullish price action. Historically, when liquidity decreases on trading platforms, it limits immediate selling pressure and can contribute to price appreciation if demand rises.
That said, Data from IntoTheBlock also highlights a growing accumulation trend among SHIB holders, with both large and smaller investors increasing their balances. Specifically, wallets holding between 10 million and 100 billion SHIB and those holding 10 trillion to 100 trillion tokens collectively held 266.36 trillion SHIB as of March 28. This figure has since risen to 266.6 trillion, reflecting an increase of 240 billion SHIB.
However, it’s important to note that despite the recent withdrawals, on-chain data shows SHIB experiencing more deposits than exits. This trend contradicts the bullish outlook, as increased exchange deposits often signal potential selling pressure.
Meanwhile, the timing of these developments coincides with SHIB consolidating around the $0.000012 price level, a key support zone with analysts closely monitoring whether this level holds.
Analyst “Investing Haven” described SHIB’s outlook as “quietly bullish,” emphasizing its resilience in maintaining key support levels. He tweeted that $0.0000133 remains intact as the projected low for 2025, while $0.000012345 serves as an ultra-strong support zone. He also reaffirmed his broader target of $0.0000741 for 2025, highlighting April 13th as a key date for confirmation.
At press time, SHIB was trading at $0.00001274, reflecting a 1.88% gain in the past 24 hours.
Read More
Shiba Inu’s Shibarium Marks 1 Billion Transactions Milestone, But Why Is SHIB Price Still Struggling?
Shiba Inu Price Target: Can Shibarium Deliver a 60% Spike?
Tether Quietly Becomes One of Bitcoin’s Largest Whales With $8.44B in Holdings
Key Takeaways:
- Bitcoin accumulation forms part of Tether’s wider asset management plan.
- Steady purchases reflect a focus on long-term portfolio balance.
- Regulatory pressures spark a closer look at reserve structures.
- Expanding outside crypto adds layers to its financial strategy.
On March 31, 2025, Tether boosted its Bitcoin holdings by acquiring 8,888 BTC worth $735 million, continuing its strategy of quarterly accumulation and reserve diversification.
With this purchase, Tether’s Bitcoin reserve reached 100,521 BTC—valued at $8.44 billion—making it one of the largest corporate holders of Bitcoin.
Tether Bitcoin Holdings Reflect Long-Term Strategy
According to Arkham Intelligence, the USDT issuer transferred the newly acquired Bitcoin from a Bitfinex address to its primary wallet on April 1.
In addition to Bitcoin, Tether holds $4.75 billion in USDT, $215.89 million in XAUT, $46.17 million in AUSDF, and $27.17 million in EURT across its wallets.
This latest purchase followed Tether’s regular pattern of accumulating Bitcoin during each quarter and consolidating its reserves at the end of the period.
Tether started accumulating Bitcoin in September 2022 and committed in May 2023 to allocate 15% of its quarterly net profits toward additional BTC purchases.
Since then, the company has continued to build its position as part of a long-term diversification strategy.
At current market levels, Tether’s Bitcoin holdings have generated approximately $3.86 billion in unrealized gains, reflecting a profitable approach despite broader volatility.
While Tether posted gains, the broader crypto market faced pressure in early 2025. Bitcoin declined nearly 12% during Q1—its worst first-quarter performance since 2018.
Analysts attributed this downturn to macroeconomic uncertainty, including new U.S. tariffs on Mexico and Canada, and changing investor sentiment.
As of now, Bitcoin trades at around $84,000, marking a 23% decline from its all-time high of $109,114, recorded when Donald Trump returned to the White House as the 47th U.S. President.
Tether Responds to JP Morgan’s Reserve Concerns
Tether’s latest acquisition came as JP Morgan raised concerns about the company’s ability to maintain sufficient reserves.
In mid-February, JP Morgan analysts warned that upcoming regulations might force Tether to reduce its Bitcoin exposure.
The U.S. Congress is currently considering two stablecoin bills: the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act in the House, and the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in the Senate.
Both measures would tighten reserve requirements, mandating that stablecoins be fully backed by highly liquid assets such as U.S. Treasuries.
JP Morgan estimated that 66% of Tether’s current reserves would meet STABLE Act compliance, while 83% would meet GENIUS Act standards.
In response, Tether CEO Paolo Ardoino dismissed the report, suggesting that traditional banks were critical because they lacked Bitcoin exposure.
JPM analysts are salty because they don't own Bitcoin.
— Paolo Ardoino(@paoloardoino) February 13, 2025
Tether’s Q4 2024 attestation reported over $7 billion in reserves and $13 billion in annual profits, following the latest Bitcoin acquisition.
Tether Expands Investment Portfolio Beyond Bitcoin
Tether’s recent acquisitions across Bitcoin, sports, media, and AI highlight the company’s multi-sector investment approach.
In February, Tether purchased a majority stake in Juventus FC, a Serie A football club based in Turin.
A month later, it invested 10 million euros ($10.8 million) in the Italian media company Be Water.
Tether has also expressed interest in acquiring a controlling stake in South American agribusiness firm Adecoagro.
In the tech sector, Tether is developing AI tools such as AI Translate, a voice assistant, and a Bitcoin wallet assistant.
Shortly after these announcements, the company committed funds to Zengo Wallet, a self-custodial crypto wallet known for its security and ease of use.
As the company continues to grow, Tether’s strategy of diversifying across sectors suggests an ongoing commitment to strengthening its financial foundation through broader exposure beyond just digital assets.
Frequently Asked Questions (FAQs)
A large Bitcoin reserve can centralize digital asset supply, altering trading patterns and price trends. This consolidation might drive shifts in market behavior and exchange liquidity patterns.
Regular Bitcoin purchases blend asset growth with risk management, buffering volatility and regulatory shifts. This method seeks to secure a stable portfolio over time and reflects a measured, long-term asset approach.
Expanding into sectors like sports, media, and tech diversifies Tether’s revenue sources. This blend of digital and traditional assets may lessen risks and balance overall financial performance.
The post Tether Quietly Becomes One of Bitcoin’s Largest Whales With $8.44B in Holdings appeared first on Cryptonews.
Read More
