Coinbase-linked wallets have moved billions of Shiba Inu (SHIB) in recent weeks, emptying one address and consolidating funds in another on the same exchange cluster; on-chain flows coincide with SHIB trading back above $0.000013, suggesting possible near-term price pressure or a breakout attempt.
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Large on-chain transfers: one wallet drained, another topped up on Coinbase cluster
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Transfers totaled hundreds of billions of SHIB across multiple transactions, moving multi-million-dollar equivalents
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SHIB price testing $0.000013 with rising volumes; on-chain reallocations align with potential breakout conditions
Shiba Inu whale transfers on Coinbase cluster show billions moved; monitor SHIB price action near $0.000013 for breakout potential — read now.
What is the Coinbase-linked SHIB whale activity?
The Coinbase-linked SHIB whale activity refers to multiple large transfers between addresses tied to Coinbase that moved billions of Shiba Inu tokens, draining one wallet to near-zero and consolidating tokens in another. These on-chain flows coincided with SHIB reclaiming $0.000013 and increased trading volume.
How large were the transfers and which wallets were affected?
On-chain records show staggered withdrawals from a single address beginning in late August: 28.39 billion SHIB (~$357,560), 38.19 billion SHIB (~$482,570) and 102.59 billion SHIB (~$1.28 million), followed by smaller outflows until the wallet reached a near-zero balance.
Source: Arkham
The final large balance — roughly $2.47 million worth of SHIB — was moved in one transaction within the last 12 hours, marking more than $2.3 million in cumulative outflows from that address.
Why does this on-chain movement matter for SHIB price?
Large transfers between exchange-linked wallets can signal reallocation for custody, OTC sales, or internal exchange bookkeeping. Here, the timing matters: the reallocations occurred as SHIB recovered above $0.000013, and the increased exchange cluster holdings coincide with rising market volumes that may precede a price breakout.
Source: Arkham
How has the receiving Coinbase-linked wallet changed holdings?
Another Coinbase-linked wallet accumulated large amounts during the same window. Recent inflows include 67.3 billion SHIB (~$817,000), 35.8 billion SHIB (~$444,820) and a single 84.9 billion SHIB transfer (~$1.1 million), bringing the wallet to roughly 188.07 billion SHIB (~$2.46 million at current prices).
When could these reallocations affect market direction?
Price action tightened near $0.000013 after recovery from $0.000012, with volumes increasing across major pairs. If accumulation on exchange clusters leads to active selling, it could cap gains; if funds are moved to cold storage or internal consolidation ahead of market-making activity, it could support a breakout. Monitor volume and order-book behavior in the next 24–72 hours.
Frequently Asked Questions
How many SHIB tokens moved in total from the drained wallet?
Transactions recorded included 28.39B, 38.19B and 102.59B SHIB among others, totaling hundreds of billions over weeks and culminating in the final ~ $2.47 million balance moved out recently.
Are these transfers likely custodial or for market selling?
On-chain patterns suggest internal exchange reallocation is plausible, but large inflows to an exchange-linked address can also precede market selling; only subsequent order-book activity confirms intent.
What should traders watch next for SHIB?
Watch volume spikes, order-book depth at $0.000013, and additional exchange inflows or withdrawals; these indicators clarify whether the whale activity leads to distribution or accumulation.
Key Takeaways
- Large on-chain moves: Multiple billion-SHIB transfers drained one Coinbase-linked address and consolidated tokens in another.
- Market timing: Transfers aligned with SHIB reclaiming $0.000013 and rising trading volumes, increasing breakout probability.
- Trader action: Monitor exchange order-book depth and volume over the next 24–72 hours to confirm directional bias.
Conclusion
This on-chain activity shows significant Shiba Inu whale transfers between Coinbase-linked wallets, coinciding with SHIB testing $0.000013. Shiba Inu whale transfers are a key short-term signal; traders should combine on-chain flows with order-book and volume data to assess whether the market will break out or face distribution pressure. Stay updated with COINOTAG coverage for developments.
