TL;DR
- Shiba Inu has seen one of its largest whale moves this month, with 161.3 billion SHIB withdrawn from Coinbase into a new Ethereum wallet.
- The tokens, worth nearly 2 million dollars, were moved in two transactions just days apart.
- The event comes as SHIB trades near $0.00001224, with daily volumes cooling below 200 million dollars, raising questions about whether this transfer signals growing whale accumulation or preparation for DeFi use through Shibarium.
Shiba Inu recorded a significant whale transaction when 161,327,411,476 SHIB, valued at roughly 1.97 million dollars, left Coinbase and landed in a fresh Ethereum wallet with no prior history. The move occurred in two parts: 62.85 billion SHIB earlier this week and 98.47 billion SHIB just 14 hours ago, both flowing to the same address. The wallet now holds the entire 161 billion SHIB balance, making it a new point of interest for market watchers.
Whale Accumulation Or DeFi Strategy
Large withdrawals from centralized exchanges like Coinbase often indicate that holders prefer self-custody or plan to put tokens to work in decentralized finance ecosystems. For Shiba Inu, the presence of Shibarium increases the likelihood that at least some of these tokens could be allocated toward staking, liquidity pools, or gas fees within the network.
At press time, SHIB is priced at $0.00001224, reflecting a 0.65 percent gain in the last 24 hours. Its market capitalization stands at 7.21 billion dollars, with trading volumes surpassing 189 million dollars in the same timeframe, though activity is down 22 percent compared to the previous session. The coin has been ranging between $0.0000115 and $0.000018 for much of the year, suggesting that consolidation is still dominant. Some analysts argue that such whale-driven movements might hint at long-term confidence, while others caution that large idle wallets can create uncertainty if liquidation pressures suddenly arise.
Market Activity And Future Outlook
Average daily trading volumes for SHIB on Binance this month have hovered around 150 million dollars, a stark contrast to the more than 1 billion dollars witnessed during the early 2025 surge. This makes the recent whale transfer particularly noticeable, representing a meaningful slice of overall activity. Compared to similar transactions in previous years, the scale of this withdrawal is unusual, underlining the heightened relevance of whale dynamics in SHIB’s ongoing market cycle.
With 161 billion SHIB now off Coinbase, speculation grows around whether the tokens will remain idle in the wallet or be redirected elsewhere. The size of the movement positions this wallet as a new heavyweight in Shiba Inu’s ecosystem, sparking curiosity among investors and reinforcing attention on the coin’s next potential breakout.
