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A sudden transfer of Shiba Inu (SHIB) has stunned Coinbase’s on-chain activity just as the seasonal boost of February begins to take effect. Arkham revealed that a mystery wallet, 0x519Fe, executed a round trip of 61.63 billion SHIB through Coinbase’s hot wallet in a matter of hours before disappearing with a zero balance.
With SHIB quoted at $0.00000773 and barely defending key support near $0.0000075, the motive behind the maneuver remains unclear. The timing of a large-scale deposit and withdrawal to a centralized exchange sends a cryptic message — either a fake-out before redistribution or an early exit.
In February, SHIB has historically shown strong performance. Over the past three years, Shiba Inu coin has delivered gains of 20.3%, 1.59% and 41.3%, respectively, in this particular month. The most aggressive of these was the breakout in 2024.
According to CryptoRank's monthly data, February has the second-best average return for SHIB at +9.26%.
Wallet reshuffle or prelude to bullish setup?
The price chart of the meme coin signals more tension. After a failed mid-January breakout toward $0.000009, SHIB retraced.
However, with current daily candles printing higher lows and historical upside poised to kick in, any whale positioning now will have an outsized impact.
Since billions of SHIB changed hands through Coinbase without triggering a clear sell or accumulation trend, attention will remain focused on this address.
If February follows its usual rhythm, SHIB could easily reach the $0.000009 zone again or surpass it and reach $0.000011 if meme coin liquidity increases.
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