Shiba

Major

bullish

Million

Shiba Inu

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Leading U.S. exchange Coinbase has been hit by the withdrawal of billions of&nbsp;<a href="https://u.today/shib-burns-skyrocket-on-all-time-frames-whats-happening">Shiba Inu (SHIB)</a> tokens over the past 24 hours.
According to&nbsp;<a href="https://platform.arkhamintelligence.com/explorer/address/0x12F721Ef267690822CD703d4da303e3F62e8DE87">Arkham Intelligence</a>, an unknown whale using the address "0x12F72" has withdrawn 105.866 billion SHIB from Coinbase in the last 13 hours, equivalent to $1.99 million at current exchange rates.&nbsp;
It occurred in three transfers, starting with a withdrawal of 13.29 billion SHIB or $253,330 from the Coinbase hot wallet. This was followed by a withdrawal four times the size of the first, with 67.257 billion Shiba Inu tokens leaving the leading U.S. exchange. The third and final withdrawal to date was made by an unknown whale just a few hours ago.&nbsp;
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="d58938ee-9b38-4886-93a6-f6687c1b21fd" src="https://u.today/sites/default/files/inline-images/shib_249.png">Source: <a href="https://platform.arkhamintelligence.com/explorer/address/0x12F721Ef267690822CD703d4da303e3F62e8DE87">Arkham Intelligence</a>
The address operated by the unknown major player is brand new and has not appeared in on-chain reports before.
<h2 dir="ltr" id="shiba-inu-shib-price-outlook">Shiba Inu (SHIB): Price outlook</h2>
With no information on who the anonymous major buyer of&nbsp;<a href="https://u.today/shiba-inu-fud-hits-all-time-high-shib-team-makes-important-statement">Shiba Inu</a> tokens might be, or whether this wallet belongs to the exchange itself, the only conclusion is that someone with a lot of capital is indeed bullish on the popular meme-inspired cryptocurrency.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="e61b6256-8320-4437-99f6-bde7ac0b27c9" src="https://u.today/sites/default/files/inline-images/shibainu_6.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/">CoinMarketCap</a>
The mysterious SHIB withdrawals have stunned the major U.S. exchange amid the token's rather interesting price action. After consolidating all week in a tight range between $0.000019 and $0.0000175 per&nbsp;<a href="https://u.today/can-this-443-trillion-shiba-inu-shib-support-save-day">SHIB</a>, the price of the meme-inspired token broke out today, briefly taking its quotes as high as $0.00001933.&nbsp;
Although the pump was sold off within the hour, it left a huge wick to the upside, reminding traders that there are buyers willing to buy at higher prices. <a href="https://u.today/shiba-inu-shib-witnesses-mysterious-2-million-whale-activity-on-major-us-exchange">Read original article on U.Today</a>

Shiba Inu (SHIB) Witnesses Mysterious $2 Million Whale Activity on Major US Exchange

Table of Contents

U_Today

Other articles published on Oct 18, 2024

Radiant Capital Hit by $50M Exploit Across BNB Chain and Arbitrum in Second Major Attack

Ethereum Developers Announce New Pectra Update Details

Bitcoin Surges Above $68,000: What’s Next?

DOGE Price Surges by 10% Following Musk’s Comment in Pennsylvania

A $250 Investment in These Tokens Could Generate Thousands in Returns by Early 2025

The Fate of the US Elections is in the Hands of Bitcoin and Cryptocurrencies! "26 Million People ...

Join our free newsletter for daily crypto updates!