Coinbase Whale Move: 5 Trillion SHIB Transfer Sparks Market Speculation Amid Price Drop

A massive transfer of 5 trillion SHIB tokens, worth approximately $69.98 million, from Coinbase to an unknown wallet has sent ripples through the cryptocurrency market. The transaction, reported by Whale Alert, comes as Shiba Inu's price experiences a sharp 7% decline, now trading at $0.000014. Market participants are divided on the implications, with some viewing the move as a potential strategic shift by a major holder. This development underscores the volatile nature of meme coins and the impact of large-scale transactions on market sentiment. As of July 27, 2025, the crypto community remains watchful for further clues about the whale's intentions and the potential ripple effects on SHIB's price trajectory.

Shiba Inu Price Crash: Massive Coinbase Transfer Sparks Speculation

A staggering transfer of 5 trillion SHIB tokens, valued at approximately $69.98 million, has ignited intense speculation across the cryptocurrency market. The tokens were moved from Coinbase to an unknown wallet, as reported by Whale Alert. This transaction follows a sharp 7% decline in Shiba Inu's price, now trading at $0.000014.

Market participants are divided on the implications. Some interpret the whale's MOVE as a precursor to further selling pressure, while others suggest the tokens may have been withdrawn for strategic holding. The timing amplifies uncertainty, coming on the heels of a price crash that erased weeks of gains for the meme coin.

Coval Price Prediction 2025-2031: Recovery Prospects and Market Outlook

Circuits of Value's COVAL token shows promising growth potential, with analysts projecting a steady climb to $0.0010 by 2025. The interoperable blockchain platform, which merges NFTs with financial applications, could see its native token reach $0.0034 by 2028 before potentially hitting $0.0107 by 2031.

Market data reveals COVAL currently trades at $0.000787 with a $1.42M market cap, far below its all-time high of $133.01 from January 2022. Technical indicators present mixed signals—a 46.95 RSI suggests bearish sentiment, while the Fear & Greed Index sits at 71 (Greed). The token's Coinbase listing in 2021 alongside notable projects like SuperFarm and Polkastarter established its early credibility.

Volatility remains elevated at 5.14%, with green days occurring 47% of the time over the past month. The widening gap between its 50-day SMA ($0.00089) and 200-day SMA ($0.0019) suggests ongoing price discovery as the project demonstrates real-world utility through cross-chain NFT monetization.