Recently, a Coinbase-linked address returned 187.8 billion SHIB tokens, worth $2.17 million, attracting interest among analysts and cryptocurrency market participants.
Transaction Amounting to $2.17 Million
The Coinbase-linked address gradually sent 187,821,350,592 SHIB to an external wallet over the past month before executing a total return. This move marked a significant event as the entire amount was sent back in one go without any intermediate transfers.
SHIB Transfer Strategy
The external address "0xf3f" began collecting SHIB from Coinbase in early May through regular transactions. The return of assets occurred without any splits or redistributions, indicating it may be linked to internal liquidity checks or token transfer strategies.
Speculations and Possible Reasons
It remains unclear whether this was planned by a single whale or an internal Coinbase team. However, the size and simplicity of the transaction likely set it apart from typical retail operations. So far, there has been no further activity from the sending address.
The return of 187 billion SHIB to Coinbase's address underscores the presence of significant asset movements in the cryptocurrency space, potentially linked to internal strategies and liquidity testing.
