Shiba Inu Gains Momentum as OKX Shifts 20.8 Billion SHIB Into Cold Storage

Jakarta, Pintu News – Shiba Inu recorded a strong recovery over the weekend, as on-chain data highlighted a large movement of assets from exchange wallets amid a volatile market phase. This movement came at a time when general crypto market sentiment was still stuck in the extreme “fear” zone.

Nevertheless, SHIB has shown relatively better resilience compared to other meme coins. Traders are currently observing whether the activity on the exchange reflects short-term structural adjustments or simply routine balance management.

OKX Wallet Transfer Coincides with SHIB Price Recovery

On-chain data from Arkham shows that 20,841,045,129 SHIB tokens were moved from OKX’s hot wallet to the exchange’s cold storage. This transaction removed approximately $132,130 worth of SHIB from active circulation.

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The timing of the move was notable as it came after SHIB hit its lowest price level not seen since early 2023, amid a sharp correction of about 30% from the week’s opening level.

Shortly after the transfer, Shiba Inu recorded a rapid rebound. The token price rose by around 22% and broke back into the $0.0000062 area, indicating demand absorption during the recovery phase. Arkham’s data also confirms that the transfer was internal at OKX, involving an exchange-controlled wallet, not a user withdrawal.

Such moves are generally related to the exchange’s reserve management. However, their magnitude and timing have sparked speculation among traders.

Some think the move is related to liquidity management amid high volatility, while others suspect it is part of order book rearrangement as SHIB begins to stabilize after massive selling pressure.

Key Price Levels and Market Divergence

As of February 10, 2026, SHIB was trading around $0.00000612 after failing to hold above the $0.0000068 level. The $0.0000046 area is seen as a potential drop zone if the bearish momentum strengthens again.

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Despite the rebound, the overall crypto market is still showing signs of pressure. Many altcoins and meme tokens recorded sustained outflows in the same period.

SHIB, on the other hand, shows a different on-chain pattern. While most meme coins flow back to exchanges, SHIB is instead moved to cold storage. This kind of behavior is a form of supply adjustment. Locking tokens away from circulation can alleviate immediate selling pressure, although the effect may only be temporary.

However, observers caution against over-interpreting this data. Exchange wallet movements do not always signal a change in price direction. OKX has not yet issued an official explanation for the transfer. The move could just be part of routine operational management, rather than a reflection of their strategic stance towards SHIB.

Nevertheless, the transaction still stands out for its size and moment. As SHIB recovers quickly amid widespread fear sentiment, traders continue to monitor whether this wallet move marks a meaningful change in SHIB’s short-term market structure or simply a coincidence of internal exchange activity.

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*Disclaimer

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 and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpaper. Shiba Inu Rallies as OKX Moves 20.8 Billion SHIB Into Cold Storage. Accessed on February 11, 2026