According to the data, there was a great movement in Shıba Inu (SHIB), the largest memecoin in the ranking after Dogecoin (DOGE).
In a noteworthy development, an anonymous crypto investor withdrew 5 trillion Shiba Inu (SHIB) from Coinbase Institutional in a single transaction, according to data from Whale Alert.
The anonymous whale moved $70 million worth of SHIB tokens from Coinbase Institutional to a newly created on-chain wallet.
This was the largest SHIB transfer by any organization or whale in 2025.
While transferred SHIB tokens are not subsequently moved, moving cryptocurrencies from an exchange to an on-chain address generally means the user is not planning to sell the tokens anytime soon and will hold them for the long term.
This transfer coincided with SHIB’s price falling 11% to $0.00001343 during a general downturn in the cryptocurrency market.
This significant move by the anonymous whale highlights significant activity in the Shiba Inu market and could boost investor confidence.
*This is not investment advice.
