Large Shiba Inu Transfer From Major U.S. Exchange Moves $2.3M to Unknown Wallet, Could Signal Reduced Exchange Supply

• Large on-chain move: 189,048,016,126 SHIB moved off Coinbase into one wallet within 24 hours.

• Transaction pattern: repeated transfers of ~15.3 billion SHIB per chunk until balance reached current size.

• Market effect: roughly $2.3 million worth removed from exchange supply, potentially thinning immediate sell-side liquidity.

Meta description: Shiba Inu whale transfer removes 189B SHIB from Coinbase into a single wallet; learn what this means for SHIB price and how to track similar on-chain moves.

What is the Shiba Inu whale transfer from Coinbase?

The Shiba Inu whale transfer is a concentrated on-chain movement where addresses tied to the U.S. exchange moved 189,048,016,126 SHIB into a single fresh Ethereum wallet within 24 hours. The transaction reduced exchange-held SHIB by about $2.3 million and left the funds untouched in a new custody address.

On-chain analysis shows the transfers were batched in repeated chunks of roughly 15.3 billion SHIB, each valued near $190,000 at the time. Arkham data flags the origin as a Coinbase-linked cluster, and the destination is a previously unused wallet.

Source: Arkham

How did the wallet accumulate 189,048,016,126 SHIB in one sweep?

The accumulation came as a sequence of transfers: multiple on-chain transactions of ~15.3 billion SHIB each were sent from addresses associated with Coinbase to one destination. This pattern indicates a coordinated consolidation rather than a single large sweep or protracted drip. Blockchain records confirm the flow occurred within ~24 hours.

Why does this Shiba Inu whale transfer matter for the SHIB market?

Front-loading the answer: removing ~189 billion SHIB from exchange custody reduces immediate sell-side supply and can tighten short-term liquidity, though it does not guarantee a sustained price rally. The SHIB price remained boxed between $0.00001107 (support) and resistance near $0.00001688–$0.00002052 when the move occurred.

Practical impact: exchange outflows can precede accumulation, long-term holding, cross-exchange transfers, or transfers to cold storage. Without on-chain labels indicating intent, the most measurable effect is a modest reduction in exchange order book depth equal to roughly $2.3 million worth of SHIB.

How to track similar SHIB whale moves?

Step-by-step tracking: 1) Monitor on-chain indexes and block explorers for large SHIB transfers. 2) Watch clusters labeled by on-chain intelligence providers for exchange-linked origins. 3) Check wallet age and subsequent activity to infer custody or custody-to-custody transfers. Maintain short scanning intervals to catch batched transfers like the 15.3B SHIB chunks seen here.

SHIB price levels and comparative data

Metric	Value
Exchange outflow (SHIB)	189,048,016,126 SHIB (~$2.3M)
Chunk size	~15.3 billion SHIB (~$190k each)
Support	$0.00001107
Resistance	$0.00001688 and $0.00002052

Frequently Asked Questions

Did Coinbase move the SHIB to a private wallet?

On-chain tracing shows the origins were tied to Coinbase-linked addresses; the destination is a fresh wallet that has not shown outgoing activity, indicating the funds were moved off-exchange into private custody or cold storage.

Will this whale transfer push SHIB price higher?

Short answer: not necessarily. Removing supply from an exchange can tighten liquidity, but price reactions depend on demand, broader market sentiment, and whether the recipient holds long-term or moves coins back to exchanges.

Key Takeaways

• Major on-chain outflow: 189,048,016,126 SHIB (~$2.3M) moved from Coinbase-linked addresses into a single wallet.
• Patterned consolidation: Transfers arrived in ~15.3B SHIB chunks over ~24 hours, signaling a coordinated sweep.
• Market implication: Exchange supply thinned slightly; watch order-book depth and wallet activity to infer intent.

Conclusion

This Shiba Inu whale transfer removed a meaningful block of SHIB from exchange custody, presenting a short-term liquidity change without guaranteed price impact. Continue monitoring wallet activity, on-chain labels, and order-book changes to evaluate whether the move represents long-term accumulation or temporary repositioning. COINOTAG will update this report if further activity or new data emerges.