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Shiba Inu ($SHIB) has just witnessed one of its largest whale transactions this month. A total of 161,327,411,476 $SHIB — equivalent to almost $1.97 million at current prices — was withdrawn from Coinbase and transferred to a new Ethereum wallet with no previous activity.
The inflows came in two waves: 62.85 billion $SHIB ($756,770) two days ago and 98.47 billion $SHIB ($1.19 million) 14 hours ago. Both transferred to the same wallet, which now shows 161.32 billion $SHIB.
Outflows from big exchanges like Coinbase can signal that users prefer self-custody or want to use their tokens in DeFi, and do not forget that Shiba Inu has Shibarium. While price action may not be guaranteed, large $SHIB outflows from Coinbase tend to draw scrutiny.
Price-wise, $SHIB is changing hands around $0.0000122 today, up just under 1% in the last session. The token dipped as low as $0.0000117 earlier this week before bouncing back slightly. Looking at the daily chart, $SHIB has been stuck between $0.0000115 and $0.000018 for most of 2025.
Bottom line for Shiba Inu coin
Binance trading volumes show $SHIB averaging around $150 million per day this month, which is far below the peaks of over $1 billion seen during the rally in early 2025. This makes large-scale transfers like this one stand out even more since they represent a considerable proportion of overall market activity.
The focus is on the new wallet and whether it will send the tokens elsewhere. With 161 billion $SHIB parked off Coinbase, a new headline player has emerged in the Shiba Inu whale watch.
coindesk.com
crypto.news
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