132,349,883,389 SHIB from Coinbase as the Shiba Inu whale turns meme coin into a bull market
New data on the blockchain shows an address that is capturing a lot of Shiba Inu SHIB coins at a rate that truly exceeds the normal retail flow right from a major US cryptocurrency exchange, Coinbase. In less than a day, the wallet collected 132.35 billion SHIB, worth about $1.66 million, through three transactions, each of which came from the exchange's hot wallet, according to Arkham data.
The largest of the transfers amounted to 73.7 billion SHIB, worth nearly $928,000, just minutes before publication. Earlier that day, another 39.5 billion SHIB worth about $496,000 was added, following a smaller inflow of 19.0 billion SHIB the day before, worth about $241,000.
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So far, none of the tokens have been moved from the wallet, suggesting that this is more accumulation than a short-term cycle between exchange accounts.
On the SHIB chart, it is around $0.0000125 on Binance, down about 1% in the last session. The coin has been in the same range all summer, between $0.0000100 and $0.0000150, and every breakout attempt has failed, but solid bids have held off the decline.
Considering this, it is clear that buying in large volumes in the middle of the range is hard to miss. It indicates that someone with deep pockets is choosing this flat zone as an entry point.
Buying zone?
Looking at the big picture, the price of SHIB has not violated its base since the beginning of 2025, even with lower highs. And when we see such inflows, it is a sign that liquidity is still present, even when prices are falling.
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Whether this whale will continue to accumulate or wait to return these tokens to the market will be a key indicator, but for now, the balance sheet is clear: Shiba Inu is still getting a lot of attention from large investors, even despite the declining interest from retail buyers.
