u.today
A mystery wallet just pulled over 111,518,676,500 $SHIB from Coinbase, a top U.S. crypto exchange. To put it in more understandable terms, it is about $1.33 million worth of meme coins that were shipped out all at once.
That is on top of another $1.1 million in $SHIB sent just three days earlier. It is the same sender and destination, and the wallet now has an impressive 207.5 billion $SHIB, which is almost $2.5 million.
There is no name tied to it, no known fund, and no movement out. Whoever this is is not flipping — they are sitting. That makes one wonder: why load up this heavy, and why now?
Look at the big picture, and the timing starts to make sense. The Shiba Inu price is just above a historical demand zone it had not breached since late 2022. This is usually where big money starts showing interest.
This is unlikely to be a retail degen either. These coins came straight from Coinbase's hot wallet, so it probably went through an OTC route or a high-level institutional pipeline. The buyer either knows something or is betting that the rest of the market will catch up soon enough.
$SHIB has been fading into the background for months while traders chased newer narratives, but this kind of deep-pocket movement tends to resurface attention fast. A two-day, $2.4 million stack is not just a coincidence. It also does not happen unless someone sees something that the crowd does not.
Whether this is the start of a bigger $SHIB rotation or just another ghost whale stacking for the long haul depends on what follows. But one thing is for sure: 111.5 billion $SHIB just left Coinbase, and someone's playing a bigger game.