- A dormant Shiba Inu wallet withdrew 400 billion $SHIB from a Gnosis Safe Proxy contract after about a month of inactivity.
- The fresh address now holds an estimated $1.89 million portfolio, with $SHIB making up 99.4% of total asset value.
- No transfer to Binance or Coinbase hot wallets was recorded, leaving the move open to OTC preparation or local liquidity accumulation interpretations as traders watch future wallet activity closely now.
A dormant Shiba Inu wallet has jolted $SHIB watchers after absorbing 400 billion tokens from a Gnosis Safe Proxy smart contract in a single withdrawal. The address had been quiet for about a month before the move, then instantly became a large operational wallet with an estimated portfolio value of $1.89 million. The puzzling detail is not just the size of the transfer, but the decision to move coins out of multisig infrastructure and into a fresh external address.
Gnosis Safe exit changes the ownership signal
The tokens came from a Gnosis Safe Proxy contract labeled 0xD13 and landed in the address 0xf9905…f64f5, which previously held only negligible balances of third-party tokens. In onchain practice, that shift matters because a corporate-style multisig requires distributed approvals, while an external wallet is typically controlled by one private key. The move changes the custody profile of the $SHIB, making it look less like passive storage and more like preparation for a specific market task.
crypto-economy.com
