A Shiba Inu whale moved 161.3 billion SHIB tokens, worth about $1.97 million, from Coinbase to a newly created Ethereum wallet in two transactions. This significant outflow, one of the largest this month, suggests strategic positioning. Large exchange withdrawals often signal a move to self-custody for security, participation in DeFi or staking, or a desire to reduce selling pressure. Shiba Inu’s Layer-2 solution, Shibarium, offers further utility, potentially attracting holders seeking ecosystem access. The transfer occurred during a period of stable SHIB price action, around $0.0000122, and reduced trading volume compared to early 2025.
Shiba Inu Whale Withdraws $1.97M SHIB from Coinbase in Largest Move
