Whale Moves 3 Trillion SHIB from Coinbase, Shiba Inu Ready to Expand to Base and Solana!

Jakarta, Pintu News – A crypto “whale” has moved 3 trillion SHIB tokens from Coinbase to a self-custody wallet . This event coincided with a Shiba Inu (SHIB) developer outlining plans to develop the project on the Base and Solana (SOL) networks.

This move shows long-term confidence in the growth potential of the SHIB token.

Whale moves 3 Trillion SHIB amid Multi-Chain Expansion Plan

According to Whale Alert, a crypto whale moved 3 trillion SHIB tokens from Coinbase Prime to a new self-custody wallet. At an average price of $0.00001299 per token, this transaction was worth nearly $39 million.

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Interestingly, this is the first transaction for the wallet, signaling this investor’s focus on long-term gains rather than short-term trading.

In addition to the whale activity, the SHIB burn rate increased by 1,985% in a single day, removing over 4.7 million tokens from circulation. Many believe that this drastic supply reduction could drive long-term price growth.

This move coincides with Shiba Inu’s infrastructure upgrade. The project plans to expand to networks such as Base and Solana. While maintaining tokenomics, this expansion has the potential to bring new liquidity and adoption through an authorized framework.

Shiba Inu Developer Plans for a Multi-Chain Future

While Ethereum (ETH) remains SHIB’s primary home, the developers are preparing for expansion.

Shib Dev Kaal Dhairya emphasized that SHIB will always be “Ethereum native,” but opened the opportunity for the token to be present on other networks such as Base and Solana.

Read also: Shiba Inu Ready to Surge After 4.7 Million Token Burn and Shibarium Security Upgrade?

To ensure this growth benefits the native community, Dhairya emphasizes the use of the official Chainlink CCIP framework, which burns Ethereum tokens on every transaction while securing cross-chain transfers. This supports SHIB’s deflationary model. The team is also working directly with Chainlink so that all four native tokens of the Shiba Inu ecosystem can be supported.

Dhairya warns that putting SHIB on another blockchain without supporting the ecosystem is considered exploitation. Developers are encouraged to contribute back to the ecosystem that raised SHIB.

This firm stance keeps the value and identity of SHIB strong, while encouraging scarcity and an increase in token value.

In addition, Shiba Inu recently updated the developer hub, providing clear guidelines for the setup of validator nodes and the creation of decentralized applications (dApps), increasing participation and decentralization on the network.

Shytoshi Kusama, head of SHIB, previously mentioned a new partnership to build Shibarium’s AI infrastructure, along with plans for an Alpha Layer update and a new DEX.

Last but not least, Coinbase now supports DEX trading for Base tokens, signaling an increased focus on decentralized infrastructure on major exchanges, which could potentially have a positive impact on SHIB. All of this sets up the ecosystem for the next phase of development.

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Reference:

• Coingape. Whale Moves 3 Trillion SHIB from Coinbase as Shiba Inu Eyes Base Solana Expansion. Accessed on August 19, 2025