In one of the biggest Shiba Inu transactions in the last 24 hours, 56,329,137,888 SHIB – worth around $686,652 at the time – was moved from Coinbase Prime to a new, unidentified wallet. Notably, the transaction was completed in a single transfer, with no splits or batching.
Another major detail is that the sender wallet, “0x99c3,” is linked to Coinbase Prime, the exchange’s professional-grade custody and trading service. The receiving wallet, “0x2072,” looks like a new address with no previous activity, so it seems that this was not just a normal internal movement.
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It is not clear if it was for storage, trading or something else, but the scale and source are what make it stand out.
Source: Arkham Intelligence
Coinbase Prime works with big-time clients, so it is not just some random retail user making a risky move. This was planned by someone who has access to Coinbase’s professional services.
That is what makes the transaction notable. The SHIB was not cashed out or swapped on-chain, just moved, which usually points to a strategy involving custody or positioning.
Shiba Inu (SHIB) price
At the same time, SHIB’s price has seen a slight increase. As of now, the token is trading at $0.0000122, up 1.7% in the last 24 hours. SHIB is still down 2.67% over the past week, but the daily trading volume is holding strong at over $115 million, and its market cap is stuck at around $7.18 billion.
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There has been no statement from Coinbase or any connected entity, and the destination wallet has not made any additional moves since receiving the funds.
At the moment, it is a low-key transfer on the surface, but with this kind of size and origin, it is the kind of on-chain activity that does not go unnoticed for long.