Shiba Inu (SHIB) saw a major on-chain move after an anonymous wallet withdrew 103.15 billion SHIB (≈ $1.29M / 304 ETH) from Coinbase in two transfers over 72 hours. This large withdrawal signals accumulation or cold custody, reducing exchange liquidity and potentially limiting short-term sell pressure.
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Major on-chain withdrawal: 103.15B SHIB moved off Coinbase
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Two transfers: 67.30B (~$817k) then 35.84B (~$445k) within 72 hours
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SHIB price steady at $0.00001270; holdings equal ~304 ETH
Shiba Inu (SHIB) whale withdrawal tops headlines — read how 103B SHIB left Coinbase and what it means for price and liquidity. Learn more now.
What is the Shiba Inu (SHIB) whale withdrawal?
The Shiba Inu (SHIB) whale withdrawal refers to an anonymous wallet moving 103.15 billion SHIB off Coinbase in two transfers over 72 hours, equivalent to approximately $1,291,478 or 304 ETH. This removal reduces on-exchange liquidity and is commonly interpreted as accumulation or transfer to cold storage.
How did the Coinbase withdrawal unfold?
The series began with a 67.30 billion SHIB transfer (~$817,000) three days ago, followed by 35.84 billion SHIB (~$445,000) 16 hours ago. Together, the two transfers raised the recipient balance to 103.15 billion SHIB within a 72-hour window, suggesting a planned, staged movement rather than a single impulsive withdrawal.
Source: Arkham
If the withdrawal is viewed in stages, the pattern is consistent with custodial layering, private cold storage, or strategic accumulation. Staged transfers reduce market impact and help maintain privacy for large holders.
Why does this matter for SHIB price and liquidity?
Removing 103.15B SHIB from an exchange reduces immediate sell-side liquidity and can make it harder for large sellers to exit without moving the market. At the time of the transfers, SHIB traded around $0.00001270, a 1.7% gain from the previous day and comfortably above a summer base of $0.00000923.
How should traders interpret on-chain whale moves?
Traders typically consider several scenarios:
- Accumulation: Whale is building a position away from exchanges to avoid slippage.
- Cold custody: Large holder secures funds in offline storage for long-term holding.
- Layered custody: Funds distributed across wallets to minimize single-point-of-failure risk.
Frequently Asked Questions
What are the short-term implications for SHIB traders?
Short term, lower exchange balances can mean less immediate sell pressure and potential for higher volatility on large order books. However, the chart remains in a sideways drift, and traders should watch on-chain flows and order book depth for confirmation.
Key Takeaways
- Significant withdrawal: 103.15B SHIB (~$1.29M) moved off Coinbase in two transfers.
- Price context: SHIB trades near $0.00001270, up 1.7% day-over-day and above $0.00000923 summer base.
- Trader action: Monitor exchange balances and on-chain flows; staged transfers often signal accumulation or cold storage.
Conclusion
COINOTAG reporting shows an anonymous wallet moved 103.15 billion Shiba Inu (SHIB) off Coinbase in two staged withdrawals, reducing exchange liquidity and suggesting accumulation or cold custody. Traders should track on-chain metrics and order book depth for signs of follow-through and adjust risk management accordingly. Stay updated with en.coinotag.com for further on-chain analysis.
