Coinbase Sees Major SHIB Exodus as Dormant Whale Awakens
In a significant on-chain development, a previously dormant Shiba Inu (SHIB) whale has reemerged after a year of inactivity, executing a massive withdrawal of 53 billion SHIB tokens from the Coinbase exchange. This transaction, originating from the address 0x1b1…bb27D, represents a strategic move that has captured the attention of the cryptocurrency community. Large-scale movements of this magnitude are often interpreted as signals of accumulation or strategic repositioning by major holders, especially when they involve withdrawals from centralized exchanges like Coinbase into private wallets. Such actions typically suggest a long-term holding strategy, reducing immediate selling pressure on the market. The timing of this whale's activity is particularly noteworthy, as it coincides with a period of renewed speculative interest and trading volume across the meme coin sector. While SHIB and other meme assets are known for their volatility, moves by large, long-dormant entities can indicate underlying confidence or anticipation of future price movements. For market observers, this event underscores the importance of monitoring exchange flow data, as withdrawals from major platforms can precede reduced liquid supply and potential price catalysts. As of December 2025, the broader crypto market continues to watch for signs of accumulation by savvy investors, with Coinbase often serving as a key barometer for institutional and large-scale retail movement. This whale's awakening adds a fascinating data point to the evolving narrative around meme coin utility, holder behavior, and the strategic role of major exchanges in asset distribution cycles.
Shiba Inu Whale Resurfaces After Year-Long Dormancy, Withdraws 53 Billion SHIB From Coinbase
A previously dormant shiba inu whale address, identified as 0x1b1…bb27D, has reemerged with a significant transaction. The entity withdrew 53 billion SHIB tokens from Coinbase in a single move, marking its first activity in over a year.
Large-scale SHIB movements often signal strategic positioning by major holders. This transaction coincides with renewed interest in meme coins amid broader crypto market recovery.
CCI Approves Coinbase’s Minority Stake in CoinDCX Parent DCX
The Competition Commission of India has greenlit Coinbase Global Inc's acquisition of a non-controlling minority stake in DCX Global Limited, the Mauritius-based entity behind Indian crypto exchange CoinDCX. The deal, announced in October, valued CoinDCX at $2.45 billion post-money.
CoinDCX continues to demonstrate resilience, reporting increased revenue and profit for FY25 despite suffering a security breach in July. The exchange operates through Neblio Technologies Pvt Ltd in India, while DCX Global holds its intellectual property and brand rights.
Coinbase's expansion into the Indian market gains momentum through this strategic investment. The US-based exchange, operational in over 100 countries, recently launched local operations in India. This MOVE signals growing institutional confidence in India's digital asset ecosystem.
Norway's $2T Sovereign Fund Backs Metaplanet's Bitcoin Treasury Strategy
Norway's $1.4 trillion sovereign wealth fund has thrown its weight behind Metaplanet's radical Bitcoin treasury strategy, voting to approve all five proposals including a $135 million capital raise earmarked exclusively for BTC acquisitions. The move positions the Tokyo-listed firm—dubbed 'Asia's MicroStrategy'—as a bellwether for corporate Bitcoin adoption.
Norges Bank Investment Management's endorsement carries disproportionate influence despite its 0.3% stake. The fund's public support signals growing institutional comfort with cryptocurrency exposure through regulated proxies. Metaplanet now eyes an ambitious 100,000 BTC treasury target, leveraging Norway's vote as validation for its unorthodox balance sheet strategy.
The decision coincides with Metaplanet's December 22 shareholder meeting, where Class B perpetual preferred share issuance will formalize its bitcoin accumulation framework. Market observers note the vote creates a blueprint for sovereign wealth funds to gain crypto exposure without direct holdings—a workaround for regulatory constraints.
