Coinbase Stunned by Mysterious 151,942,008,799 Shiba Inu (SHIB) Transfer

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} </style> <div data-drupal-views-infinite-scroll-content-wrapper="" class="views-infinite-scroll-content-wrapper clearfix"> <div class="views-row"> <div class="article"> <h1 class="article__title" data-title='Coinbase Stunned by Mysterious 151,942,008,799 Shiba Inu (SHIB) Transfer , Category: News ,Author: Gamza Khanzadaev , Date: 19 Feb 2025 , Week: 08' data-url="/coinbase-stunned-by-mysterious-151942008799-shiba-inu-shib-transfer" >Coinbase Stunned by Mysterious 151,942,008,799 Shiba Inu (SHIB) Transfer</h1> <div class="article__short"> <div class="article__short-col"> <div class="article__short-group"> <div class="article__short-tags humble--tags"> <div> <a href="/latest-cryptocurrency-news" hreflang="en">News</a> </div> </div> <div class="author-brief"> <div class="author-brief__name"> By <a href="/gamza-khanzadaev">Gamza Khanzadaev</a> </div></div> </div> <div class="article__short-date"> Wed, 19/02/2025 - 14:14 </span></span></div> </div> <div class="article__short-col"> <div class="share share--tooltip"> <button class="btn--light share__toggle" aria-label="Share btn"></button> <div class="share__list"> <a class="share__link share__link--x" href="#" title="Share to X" onClick='window.open("https://twitter.com/intent/tweet?url=https://u.today/coinbase-stunned-by-mysterious-151942008799-shiba-inu-shib-transfer&text=Coinbase Stunned by Mysterious 151,942,008,799 Shiba Inu (SHIB) Transfer", "Twtitter Sharing", "width=1200,height=600");return false;'></a> <a class="share__link share__link--fb" href="#" title="Share to Facebook" onClick='window.open("http://www.facebook.com/sharer/sharer.php?u=https://u.today/coinbase-stunned-by-mysterious-151942008799-shiba-inu-shib-transfer&text=Coinbase Stunned by Mysterious 151,942,008,799 Shiba Inu (SHIB) Transfer", "Facebook Sharing", "width=1200,height=600");return false;'></a> <a class="share__link share__link--rd" href="#" title="Share to Reddit" onClick='window.open("http://www.reddit.com/submit?url=u.today/coinbase-stunned-by-mysterious-151942008799-shiba-inu-shib-transfer&text=Coinbase Stunned by Mysterious 151,942,008,799 Shiba Inu (SHIB) Transfer", "Reddit Sharing", "width=1200,height=600");return false;'></a> <button class="btn--light share__link share__link--copy" onclick="copyToClipboard(this)" aria-label="Copy link"></button> </div> </div> </div> </div> <div class="something"> <div class="something__title">Advertisement</div> <div class="something__nav"> <button class="btn btn--light something__close" aria-label="Close ad"></button> </div> <div class="something__content" style="height:250px;"> <div id="bsa-zone_1732616238364-0_123456" class="bsa-zone"></div> </div> </div> <div class="article__wrap"> <div class="article__body"> <div class="article__main"> <div class="article__img--wrap"> <img class="article__img" src="/sites/default/files/styles/736/public/2025-02/s6162.jpg" alt="Coinbase Stunned by Mysterious 151,942,008,799 Shiba Inu (SHIB) Transfer"> </div> <figcaption title="https://www.freepik.com/premium-ai-image/graphic-whale_99034474.htm#position=7">Cover image via <a href="https://www.freepik.com/premium-ai-image/graphic-whale_99034474.htm#position=7">www.freepik.com</a></figcaption> </div> <div class="article__gnews"> <a class="article__gnews-body" href="https://news.google.com/publications/CAAqBwgKMMy2lQsw3ZqrAw?hl=en-US&gl=US&ceid=US:en" target="_blank"> <div class="article__gnews-text">Read U.TODAY on</div> <div class="article__gnews-title">Google News</div> </a> </div> <div class="article__content"> <p dir="ltr">Despite the lack of action on the cryptocurrency market lately, there is still a lot going on behind the scenes of the price charts, especially in the on-chain realm. </p><div class="something"> <div class="something__title">Advertisement</div> <div class="something__nav"> <button class="btn btn--light something__close" aria-label="Close ad"></button> </div> <div class="something__content"> <div class="something__content--long">  <ins class="adsbygoogle" style="display:inline-block;width:728px;height:90px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="1434603260"></ins> <script> (adsbygoogle = window.adsbygoogle || []).push({}); </script> </div> <div class="something__content--square">  <ins class="adsbygoogle" style="display:inline-block;width:336px;height:280px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="5638879723"></ins> <script> (adsbygoogle = window.adsbygoogle || []).push({}); </script> </div> </div> </div><p dir="ltr">Large transfers are still taking place, whales are shuffling their crypto capital and exchanges are managing their hot wallets and deposits. What the recent <a href="https://u.today/shib-burn-rate-prints-massive-588-rise-price-mirrors-this-surge-but-theres-catch">Shiba Inu (SHIB)</a> shift was between these two options remains open to speculation. </p><p><div class="article__related"> <div class="article__related-flame">Related</div> <div class="category-item"><a class="category-item__img-wrapper" href="https://u.today/shib-burn-rate-prints-massive-588-rise-price-mirrors-this-surge-but-theres-catch"><img alt="SHIB Burn Rate Prints Massive 588% Rise, Price Mirrors This Surge, But There's Catch" class="category-item__img" src="https://u.today/sites/default/files/styles/300/public/2025-02/56247.jpg" width="240" height="136"></a> <div class="category-item__info"> <div class="category-item__head humble__row"> <div class="humble humble--time">Wed, 02/19/2025 - 09:54</div> </div><a class="category-item__title-link" href="https://u.today/shib-burn-rate-prints-massive-588-rise-price-mirrors-this-surge-but-theres-catch"> <div class="category-item__title">SHIB Burn Rate Prints Massive 588% Rise, Price Mirrors This Surge, But There's Catch</div></a> <div class="category-item__footer"><a class="humble humble--author" href="/yuri-molchan"><img class="humble__img" src="https://u.today/sites/default/files/styles/130x/public/2021-07/8889.jpg" alt="Yuri Molchan">Yuri Molchan</a></div> </div> </div> </div></p><div class="hot"> <div class="hot__head"> <div class="hot__title">HOT Stories</div> <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a> </div> <div class="hot__body"> <a href="https://u.today/breaking-sec-agrees-to-dismiss-coinbase-case-is-ripple-next" class="hot__col"> <div class="hot__col-name">Breaking: SEC Agrees to Dismiss Coinbase Case. Is Ripple Next?</div> </a> <a href="https://u.today/210000000-doge-in-48-hours-followed-by-this-sudden-pivot-details" class="hot__col"> <div class="hot__col-name">210,000,000 DOGE in 48 Hours Followed by This Sudden Pivot: Details</div> </a> <a href="https://u.today/no-new-ripple-usd-rlusd-in-10-days-whats-happening" class="hot__col"> <div class="hot__col-name">No New Ripple USD (RLUSD) in 10 Days, What's Happening?</div> </a> <a href="https://u.today/515-trillion-shiba-inu-shib-faces-titanic-resistance" class="hot__col"> <div class="hot__col-name">515 Trillion Shiba Inu: SHIB Faces Titanic Resistance</div> </a> </div> </div><p dir="ltr">However, it is a fact that just a week after acquiring nearly 152 billion SHIB, which is equivalent to about $2.28 million in the popular meme-inspired cryptocurrency, a wallet under the address "0x4c92" transferred all of its tokens to leading cryptocurrency exchange Coinbase. </p><div class="something"> <div class="something__title">Advertisement</div> <div class="something__nav"> <button class="btn btn--light something__close" aria-label="Close ad"></button> </div> <div class="something__content"> <div class="something__content--long">  <ins class="adsbygoogle" style="display:inline-block;width:728px;height:200px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="3561648781"></ins> </div> <div class="something__content--square">  <ins class="adsbygoogle" style="display:inline-block;width:336px;height:280px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="7425807959"></ins> <script> (adsbygoogle = window.adsbygoogle || []).push({}); </script> </div> </div> </div><figure><img alt="Article image" src="/sites/default/files/inline-images/shib_272.png" data-entity-uuid="801239d8-cdeb-4b39-956f-49e528e73619" data-entity-type="file" alt="""" /><figcaption><em>Source: </em><a rel="nofollow" target="_blank" href="https://intel.arkm.com/explorer/address/0x4c92ae90EcE3A062271Cd91C7634c74389d08a60"><em>Arkham Intelligence</em></a></figcaption></figure><p dir="ltr">What id</p><p dir="ltr"> interesting is that the tokens were also withdrawn from Coinbase, in two separate tranches. They made it back to the exchange a week later with a single batch of <a href="https://u.today/shiba-inu-shib-reset-point-reached">SHIB</a> sent directly to the exchange.</p><h2 dir="ltr">What was this?</h2><p dir="ltr">In the common perception of crypto market participants, such shifts are seen as an intent to sell by a large entity. The logic is that whales choose the most liquid platform to unload their holdings. This guarantees minimal slippage and price impact. </p><p dir="ltr">If you try to look at it from another angle, it can be seen as an internal operation of Coinbase itself. However, this theory has some flaws, such as the fact that a small amount of ETH was purchased to facilitate the initial transactions, and this may indicate that the receiving address was indeed a decentralized one and did not belong to <a href="https://u.today/coinbase-premium-drops-as-bitcoin-price-plunges-to-93k">Coinbase</a>. There is still some ETH left in the wallet.</p><p><div class="article__related"> <div class="article__related-flame">Related</div> <div class="category-item"><a class="category-item__img-wrapper" href="https://u.today/shiba-inu-shib-reset-point-reached"><img alt="Shiba Inu (SHIB): Reset Point Reached" class="category-item__img" src="https://u.today/sites/default/files/styles/300/public/2025-02/56246.jpg" width="240" height="136"></a> <div class="category-item__info"> <div class="category-item__head humble__row"> <div class="humble humble--time">Wed, 02/19/2025 - 08:53</div> </div><a class="category-item__title-link" href="https://u.today/shiba-inu-shib-reset-point-reached"> <div class="category-item__title">Shiba Inu (SHIB): Reset Point Reached</div></a> <div class="category-item__footer"><a class="humble humble--author" href="/arman-shirinyan"><img class="humble__img" src="https://u.today/sites/default/files/styles/130x/public/2021-08/8992.jpg" alt="Arman Shirinyan">Arman Shirinyan</a></div> </div> </div> </div></p><p dir="ltr">What caused such a rapid change in sentiment is not really a question, as the cryptocurrency market looks like a hot mess these days. However, the lack of patience when dealing with billions of coins worth millions of dollars can still be surprising.</p> </div> <div class="article__panel"> <div class="article__tags btns-spacer"> <a class="btn btn--hash-tag" href="/shib">#SHIB</a> <a class="btn btn--hash-tag" href="/shiba-inu">#Shiba Inu</a> <a class="btn btn--hash-tag" href="/shiba-inu-shib-news">#Shiba Inu (SHIB) News</a> <a class="btn btn--hash-tag" href="/meme-cryptocurrencies">#Meme Cryptocurrencies</a> </div> </div> </div> </div> <div class="article__menu"> <div class="article__menu-list"> <div class="article__reader"> <button class="btn btn--light article__reader-btn" aria-label="Reading mode"></button> </div> <div class="article__fontSize"> <div class="btn--light article__fontSize-toggle"></div> <div class="article__fontSize-menu"> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-small"></div> </div> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-medium"></div> </div> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-large"></div> </div> </div> </div> <div class="article__listen"> <audio class="article__listen-audio" src="/tts/?page=62766" preload="none"></audio> <button class="btn--light article__listen-btn" aria-label="Play/pause audio"></button> </div> <div class="share share--tooltip"> <button class="btn--light share__toggle" aria-label="Share btn"></button> <div class="share__list"> <a class="share__link share__link--x" href="#" title="Share to X" onClick='window.open("https://twitter.com/intent/tweet?url=https://u.today/coinbase-stunned-by-mysterious-151942008799-shiba-inu-shib-transfer&text=Coinbase Stunned by Mysterious 151,942,008,799 Shiba Inu (SHIB) Transfer", "Twtitter Sharing", "width=1200,height=600");return false;'></a> <a class="share__link share__link--fb" href="#" title="Share to Facebook" onClick='window.open("http://www.facebook.com/sharer/sharer.php?u=https://u.today/coinbase-stunned-by-mysterious-151942008799-shiba-inu-shib-transfer&text=Coinbase Stunned by Mysterious 151,942,008,799 Shiba Inu (SHIB) Transfer", "Facebook Sharing", "width=1200,height=600");return false;'></a> <a class="share__link share__link--rd" href="#" title="Share to Reddit" onClick='window.open("http://www.reddit.com/submit?url=u.today/coinbase-stunned-by-mysterious-151942008799-shiba-inu-shib-transfer&text=Coinbase Stunned by Mysterious 151,942,008,799 Shiba Inu (SHIB) Transfer", "Reddit Sharing", "width=1200,height=600");return false;'></a> <button class="btn--light share__link share__link--copy" onclick="copyToClipboard(this)" aria-label="Copy link"></button> </div> </div> </div> </div> <div class="something something--related"> </div> <div class="brick"> <div class="brick__head"> <h2 class="brick__title">Related articles</h2> </div> <div class="brick__body"> <div class="news__group"> <div class="news__item"> <div class="news__item-head humble__row"><a href="/latest-cryptocurrency-news" hreflang="en">News</a> <div class="humble">Feb 21, 2025 - 13:05</div> </div><a class="news__item-body" href="/breaking-sec-agrees-to-dismiss-coinbase-case-is-ripple-next"> <div class="news__item-title">Breaking: SEC Agrees to Dismiss Coinbase Case. 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