Whale Makes Power Move: 5 Trillion SHIB Flees Coinbase Institutional as Prices Tumble

Crypto whales aren't sweating the dip—they're buying the blood. Or in this case, withdrawing it.

While retail traders panic-sell, a single entity just yanked 5 trillion SHIB from Coinbase Institutional. That's not a typo—trillion with a 'T.' The move comes as Shiba Inu's price tanks, sparking speculation: accumulation play or institutional reshuffling?

Timing is everything. SHIB's 30% drop this month mirrors the broader memecoin rout—but someone's betting big on a rebound. Or maybe they just prefer their dog tokens self-custodied. (Smart move—unless you enjoy exchange hacks and 'technical difficulties.')

One thing's clear: When whales move, markets notice. Whether this is a contrarian gamble or a hedge fund rebalancing its meme portfolio remains to be seen. After all, in crypto, 'institutional strategy' sometimes just means 'YOLO with extra steps.'

An anonymous investor moved 5 trillion Shiba Inu (SHIB) tokens, valued at around $70 million, from Coinbase Institutional to a newly created on-chain wallet. The tokens remain unmoved, suggesting a long-term hold that reduces immediate selling pressure. This transfer coincided with an 11% drop in SHIB’s price to $0.00001343 amid a broader crypto market downturn. The whale’s sizable move highlights significant activity in the Shiba Inu market and could influence investor sentiment.