Wintermute Moves 11.4 Billion Shiba Inu to Coinbase, May Reflect Liquidity Rebalance

• Wintermute moved 11,375,065,217 SHIB to Coinbase (≈ $139,460).

• Arkham on-chain records show the transfer path and final deposit to a Coinbase wallet.

• Wintermute still holds ~17.22B SHIB (≈ $212,000), suggesting rebalancing not liquidation.

Shiba Inu transfer alert: Wintermute moved 11.38B SHIB to Coinbase — read how this liquidity shift may affect SHIB price and order-book support. Stay informed with COINOTAG.

What is the Wintermute Shiba Inu transfer?

Shiba Inu transfer refers to Wintermute moving 11,375,065,217 SHIB to a Coinbase deposit address today. On-chain trackers recorded the path; at roughly $0.000012 per SHIB this equals about $139,460, indicating a liquidity relocation rather than a decisive sell-off.

How did the transfer move on-chain?

Arkham on-chain records show the transaction routing from a Wintermute-controlled hot wallet through an intermediate address to Coinbase. On-chain transparency confirms the final custody with Coinbase as a deposit address. For market makers, such moves commonly support order flow and rebalance books.

Source: Arkham

Why does this SHIB token movement matter to traders?

Short answer: it can change exchange depth and short-term price dynamics. Market makers like Wintermute shift tokens to exchanges to provide liquidity, tighten spreads, or rebalance positions. A 11.38B SHIB deposit can increase available sell-side or buy-side depth depending on how Coinbase lists the tokens on its order book.

At current prices (~$0.000012), the transfer’s dollar value (~$139,460) is modest versus global liquidity, but it can matter for SHIB because the token trades with high nominal volume and thin pockets of depth at certain price levels.

When could this affect SHIB price?

If Coinbase places these SHIB tokens into visible order books, markets could absorb the supply with minimal impact. If used to seed liquidity or market-making, the move may temporarily stabilize spreads. Conversely, if quickly converted to market sell orders, it could add short-term downward pressure.

How big is Wintermute’s SHIB position now?

Wintermute still holds more than 17.22 billion SHIB after the transfer, roughly $212,000 at current prices. That balance indicates the firm is adjusting venue-level liquidity rather than exiting the position entirely.

Frequently Asked Questions

Did Wintermute sell all its SHIB?

No. Wintermute moved a portion of its SHIB to Coinbase and still holds over 17.22 billion SHIB. The transfer appears consistent with liquidity management rather than a complete liquidation.

Will this transfer cause a price crash?

Not necessarily. The transfer is significant on-chain but modest in dollar terms. Price impact depends on how Coinbase handles the deposit and whether the tokens enter active sell orders or are used for market-making.

Key Takeaways

• Transfer size: Wintermute moved 11.38B SHIB (~$139K), a meaningful on-chain event for SHIB liquidity.
• Holdings remain: With ~17.22B SHIB still held, Wintermute appears to be rebalancing, not exiting.
• Market impact: Short-term price effects depend on whether Coinbase places tokens into market-able orders or uses them to seed liquidity.

Conclusion

Today’s Shiba Inu transfer from Wintermute to Coinbase is a liquidity-management move that traders should note. Arkham on-chain data and order-book monitoring will reveal whether the deposit tightens spreads or creates selling pressure. Follow COINOTAG for updates and on-chain analysis as the situation develops.