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A sudden transfer of Shiba Inu ($SHIB) has stunned Coinbase’s on-chain activity just as the seasonal boost of February begins to take effect. Arkham revealed that a mystery wallet, 0x519Fe, executed a round trip of 61.63 billion $SHIB through Coinbase’s hot wallet in a matter of hours before disappearing with a zero balance.
With $SHIB quoted at $0.00000773 and barely defending key support near $0.0000075, the motive behind the maneuver remains unclear. The timing of a large-scale deposit and withdrawal to a centralized exchange sends a cryptic message — either a fake-out before redistribution or an early exit.
In February, $SHIB has historically shown strong performance. Over the past three years, Shiba Inu coin has delivered gains of 20.3%, 1.59% and 41.3%, respectively, in this particular month. The most aggressive of these was the breakout in 2024.
According to CryptoRank's monthly data, February has the second-best average return for $SHIB at +9.26%.
Wallet reshuffle or prelude to bullish setup?
The price chart of the meme coin signals more tension. After a failed mid-January breakout toward $0.000009, $SHIB retraced.
However, with current daily candles printing higher lows and historical upside poised to kick in, any whale positioning now will have an outsized impact.
Since billions of $SHIB changed hands through Coinbase without triggering a clear sell or accumulation trend, attention will remain focused on this address.
If February follows its usual rhythm, $SHIB could easily reach the $0.000009 zone again or surpass it and reach $0.000011 if meme coin liquidity increases.