$SHIB $SHIB
132.35 Billion SHIB Exits Coinbase as Whale Turns Meme-Coin Bull
A mysterious whale has made waves in the crypto world by withdrawing 132,349,883,389 SHIB—approximately $1.66 million worth—from Coinbase in under 24 hours, signaling a strong accumulation stance rather than short-term trading .
Transaction Breakdown
The transfers occurred via three distinct transactions:
73.7 billion SHIB (~$928,000)
39.5 billion SHIB (~$496,000)
19.0 billion SHIB (~$241,000) .
These tokens have since remained in a new, self-custody wallet that had not previously held SHIB—suggesting long-term holding intentions .
Market Context
Metric Detail
SHIB Price Around $0.0000125 on Binance
Retail Behavior Retail interest has waned recently, yet whale activity signals enduring confidence
Strategic Implication The whale's accumulation amid declining retail momentum may hint at a bullish outlook from institutional players
What's Behind the Move?
Accumulation vs. Sale: The retention of SHIB in the new wallet underscores a strategic hold rather than speculative dump.
Confidence Amid Decline: As SHIB faces sideways trends and a roughly 19% decline from its July peak, this move acts as a counter-narrative—reflecting conviction from a major player .
Visibility of Meme-Coin Resilience: Despite reduced retail buzz, whale activity like this reinforces SHIB’s continued relevance and core investor confidence.
Why It Matters
Liquidity Shift: With such a large sum removed from Coinbase, available exchange liquidity dips—a potential catalyst for volatility or price recalibration.
Whale Sentiment as a Barometer: Such actions can serve as a leading signal—investors often monitor whale movements to anticipate broader market shifts.
Tokenomics in Motion: Accumulation by large holders often pairs with burning activity to reduce supply and potentially shore up price stability.
Final Thoughts
This recent whale accumulation—pulling 132.35 billion SHIB out of Coinbase into private custody—marks a notable show of belief in the meme coin’s future.
