Major Shiba Inu Transaction

In one of the biggest Shiba Inu transactions in the last 24 hours, 56,329,137,888 SHIB—worth around $686,652—was moved from Coinbase Prime to a new, unidentified wallet. Notably, the transaction was completed in a single transfer, with no splits or batching.

Another major detail is that the sender wallet, 0x99c3, is linked to Coinbase Prime, the exchange’s professional-grade custody and trading service. The receiving wallet, 0x2072, appears to be a new address with no previous activity, indicating this was not just a normal internal movement.

It is unclear whether the transfer was for storage, trading, or another purpose, but its scale and source are significant. Coinbase Prime typically works with high-profile clients, meaning this wasn’t just a random retail user making a risky move. This transaction was planned by someone utilizing Coinbase’s professional services.

That is what makes the transaction notable. The SHIB was not cashed out or swapped on-chain; it was simply moved, which generally suggests a strategy involving custody or positioning.

Shiba Inu (SHIB) Price

At the same time, SHIB’s price has seen a slight increase. Currently, the token is trading at $0.0000122, up 1.7% in the last 24 hours. SHIB is still down 2.67% over the past week, but daily trading volume remains strong at over $115 million, with its market cap around $7.18 billion.

There has been no statement from Coinbase or any connected entity, and the destination wallet has not made any additional moves since receiving the funds.

At the moment, it is a low-key transfer on the surface, but with this kind of size and origin, it is the type of on-chain activity that does not go unnoticed for long.