Crypto Whale SHIB Vacates Coinbase: What Happened?

Jakarta, Pintu News – An interesting phenomenon occurred in the crypto market when a mysterious wallet made a massive withdrawal of Shiba Inu coins (SHIB) from the Coinbase exchange platform.

In just one day, the wallet managed to collect 169.13 billion SHIB, which is now worth around $1.49 million. This incident attracted attention because the pattern of transactions was very systematic and different from the habits of other large holders who often use various methods to disguise their activities.

Unique Withdrawal Pattern

This mysterious wallet was recorded receiving six transfers from the same Coinbase hot wallet. The transfers were made consecutively within a short time window of just 17 hours. The size of the transfers increased significantly, ranging from 11 billion SHIB to as high as 81 billion SHIB. This suggests that the action was not just a simple purchase, but a massive purge.

The wallet has not made any shipments after receiving SHIB, indicating that this is not an exchange wallet or internal setup. These are the actions of someone who is building a large position with a clear goal in mind.

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Impact on SHIB Price

The Shiba Inu coin (SHIB) has been hovering around $0.0000088, a level that the market often reaches again. Although the price chart does not show any specific triggers that could attract large buying interest, stagnant price conditions and weak market sentiment are often an opportunity for whales to buy in bulk without raising suspicion.

If these wallets continue to absorb liquidity from Coinbase, traders will probably interpret this as preparation for a price move to the upper range, around $0.0000117. However, if activity stops, the market will probably take it as a one-time accumulation event.

Speculation and Future Potential

This massive action opened up a lot of speculation regarding the intentions and identity of the wallet owner. While his identity remains mysterious, it is clear that there are big players who may have information or strategies that are unknown to the general public. This could be a signal for significant market movements in the future, depending on the next move of the wallet owner.

Crypto markets are often unpredictable and actions like this can have mixed impacts. Investors and analysts will continue to monitor the situation to see if it triggers a new trend or is just an isolated incident.

Conclusion

In conclusion, this large withdrawal of SHIB from Coinbase by a mysterious wallet raises many questions and speculations. Whether this will turn out to be a trend or just a one-time occurrence, only time will tell. However, it clearly shows that the crypto market is still full of surprises and unpredictable dynamics.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

FAQ

Q1: What is Shiba Inu (SHIB)?

A1: Shiba Inu (SHIB) is a cryptocurrency that is often considered an alternative to Dogecoin (DOGE). SHIB is a token based on the Ethereum blockchain.

Q2: What is the total value of SHIBs withdrawn from Coinbase?

A2: The total SHIB withdrawn was 169.13 billion, which is worth about $1.49 million.

Q3: Why is this SHIB withdrawal drawing attention?

A3: This withdrawal is interesting because it was done in a very systematic pattern and did not use the usual methods used by other large holders to disguise their transactions.

Q4: What impact will this withdrawal have on SHIB prices?

A4: If the drawdown continues, it may push the price of SHIB up. However, if it stops, it may only be considered as a one-time accumulation with no long-term effect on the price.

Q5: What can be expected from the SHIB market after this incident?

A5: The market will probably monitor these wallets to see if there will be more activity that could indicate new investment trends or strategies.

Reference

• U.Today. Shiba Inu Mysterious Whale Empties Major US Exchange Coinbase. Accessed on December 5, 2025