Shiba Inu Sees Major Whale Accumulation as Billions in SHIB Exit Exchanges
The Shiba Inu ($SHIB ) ecosystem is witnessing a notable shift in on-chain activity as massive amounts of tokens are being withdrawn from leading cryptocurrency exchanges, most notably Coinbase. Recent blockchain data confirms that nearly 122 billion SHIB, with an estimated market value of $2.5 million, has been transferred in several batches to a dormant wallet. One of these transfers alone accounted for over 62 billion SHIB, suggesting strong accumulation by large holders.
This wave of movements aligns with a growing pattern of strategic$SHIB outflows across multiple platforms. Over the last seven days, more than 2 trillion SHIB tokens have been removed from exchanges such as Coinbase, Binance, and Uniswap. Coinbase, in particular, witnessed a staggering withdrawal of 1.73 trillion SHIB—equivalent to roughly $24 million—indicating that high-net-worth entities may be repositioning their holdings for long-term storage.
Large-scale token transfers to self-custodied wallets are often seen as bullish indicators in the crypto space. They typically reflect investor confidence and a reduction in available supply on trading platforms. When this supply contraction meets consistent or increasing demand, it can apply upward pressure on market prices.
In summary, the ongoing withdrawal trend hints at strategic accumulation by influential market participants. As more $SHIB tokens are removed from circulation and
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