Coinbase Sees Largest SHIB Whale Withdrawal in Months as Developer Breaks Silence

In a significant market movement, a cryptocurrency whale has withdrawn over 4.13 trillion Shiba Inu (SHIB) tokens, valued at approximately $35 million, from the Coinbase exchange. This transaction, noted as the largest single SHIB withdrawal observed in months, occurred on December 7 and coincided with the end of an 84-day social media hiatus by Shytoshi Kusama, the lead developer of the Shiba Inu project. The transfer to a private wallet is part of a broader trend of declining cryptocurrency reserves on exchanges, suggesting that large-scale institutional players are increasingly moving their assets into cold storage for security and long-term holding purposes. This action highlights growing confidence among major investors in the potential of meme-based cryptocurrencies like SHIB, despite market volatilities. The timing of Kusama's return to public communication adds a layer of intrigue, potentially signaling upcoming developments or reaffirmation of the project's roadmap. As of December 2025, such movements are closely watched as indicators of shifting investor sentiment and strategic positioning within the dynamic digital asset landscape.

Shytoshi Breaks Silence as 4.13T SHIB Exits Coinbase in Whale Move

Lead shiba inu developer Shytoshi Kusama ended an 84-day social media hiatus to spotlight a seismic shift in SHIB holdings. On December 7, a whale extracted 4.13 trillion tokens ($35 million) from Coinbase to a private wallet—the largest single withdrawal observed in months.

The transaction coincides with declining exchange reserves across crypto markets, signaling institutional players are opting for cold storage over active trading. World Blockchain Capital called attention to the move, noting its rarity in recent market activity.

Kusama's retweet of the event marks his first public engagement since mid-September. Market analysts interpret such withdrawals as bullish indicators, reflecting conviction in long-term asset appreciation rather than short-term speculation.

Coinbase Debuts On-Chain Solana Trading Bypassing Traditional Listings

Coinbase unveiled instant on-chain trading for solana tokens at Breakpoint 2025, eliminating conventional listing requirements. The Abu Dhabi announcement marks a strategic pivot toward permissionless asset accessibility, with engineering lead Sabs Sachdeva demonstrating a blockchain-native interface handling order execution and slippage management directly on Solana.

"We're bridging the gap between centralized convenience and decentralized infrastructure," said Andrew Allen, Coinbase's Solana product lead. The move targets millions of new assets while maintaining regulatory clarity—trades execute on-chain, but the UI mirrors familiar centralized platforms. Early adopters include institutional traders and token issuers seeking global distribution without gatekeepers.