$SHIB Whale Alert: Over 121B Tokens Withdrawn from Coinbase

Massive SHIB Outflows Signal Bullish Sentiment

On-chain data shows that 121.96 billion SHIB (worth ~$2.5M) have been withdrawn from Coinbase to a previously inactive wallet, with the largest tranche at 62.78 billion SHIB.

What’s Happening?

This movement is part of a broader trend—over 2 trillion SHIB tokens have exited major exchanges like Coinbase, Binance, and Uniswap in just the past week. Notably, Coinbase alone recorded a 1.73 trillion SHIB ($24.15M) withdrawal.

Why It Matters

Large-scale withdrawals typically suggest accumulation by whales or institutions, moving assets into cold storage for long-term holding—often seen as a bullish signal. With fewer tokens on exchanges, supply tightens, potentially putting upward pressure on price if demand holds.

Current Price Action

SHIB is trading around $0.00001429, down slightly by 0.07568%. Intraday high/low: $0.00001588 / $0.00001428.

The Takeaway

Big players are making big moves. Keep an eye on SHIB—it’s showing signs of strong accumulation.