The recent sizeable transfer of 139.88 billion SHIB tokens worth $2.42 million from Coinbase to an undisclosed address has sparked curiosity and speculation within the cryptocurrency community. According to data from Arkham, this notable transaction involved the address '0xA606,' which lacked any previous transaction history. Split into two periods, the withdrawal consisted of an initial transfer of 116.623 billion SHIB tokens followed by an additional 23.26 billion SHIB tokens. This surprise move coincided with a period of decreased trading activity surrounding Shiba Inu, which has witnessed a significant price decline over the past few months. The value of SHIB plummeted by 62% from $0.000045 to $0.000017 after experiencing a sharp 400% drop in February. Consequently, interest in this meme cryptocurrency has waned. The significance of this withdrawal lies in its timing, indicating a strategic accumulation tactic amid low market enthusiasm. Such significant movements often precede planned market activities, giving rise to speculations regarding potential future trends in SHIB's valuation. The attention has now shifted to the price chart of Shiba Inu, as large unknown entities discreetly amass wealth in SHIB while the token remains relatively unnoticed. Observers await clues from the price movements of this popular meme cryptocurrency to gauge its upcoming trajectory.
The Future Outlook for SHIB

by Giorgi Kostiuk
2 years ago

Other news
China's Economy Faces Challenges with Weak Growth and High Reliance on Exports

China's economy has slowed to its weakest pace in three years, with GDP growth dropping to about 4.5% in the last quarter of 2025, struggling due to weak domestic spending and a heavy reliance on exports.

Monero Price Reaches New All-Time High

Monero's price has surged to new record levels, surpassing its previous all-time high of $517.6, reaching approximately $670 due to sustained buying activity and growing participation in derivatives markets.

Nexo Capital Faces $500,000 Fine from California Regulators

Nexo Capital faces a $500,000 fine from California regulators for failing to conduct proper financial assessments before issuing loans.

Zerohash Essential for Interactive Brokers' Stablecoin Trading

Zerohash is identified as the primary factor behind the successful integration of stablecoin trading at Interactive Brokers.

Atomic Wallet Denies User's Claim of Lost Monero Funds

Atomic Wallet denies a user's claim of lost Monero funds, stating no support ticket was filed and evidence does not support the issue.

DeepLink Revolutionizes Access to Premium Gaming Experiences

DeepLink revolutionizes access to premium gaming experiences by providing affordable access to high-end gaming rigs, making high-end gaming accessible to casual and competitive gamers alike.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter