A mystery wallet just pulled over 111,518,676,500 SHIB from Coinbase, a top U.S. crypto exchange. To put it in more understandable terms, it is about $1.33 million worth of meme coins that were shipped out all at once.
That is on top of another $1.1 million in SHIB sent just three days earlier. It is the same sender and destination, and the wallet now has an impressive 207.5 billion SHIB, which is almost $2.5 million.
There is no name tied to it, no known fund, and no movement out. Whoever this is is not flipping — they are sitting. That makes one wonder: why load up this heavy, and why now?
Look at the big picture, and the timing starts to make sense. The Shiba Inu price is just above a historical demand zone it had not breached since late 2022. This is usually where big money starts showing interest.
This is unlikely to be a retail degen either. These coins came straight from Coinbase’s hot wallet, so it probably went through an OTC route or a high-level institutional pipeline. The buyer either knows something or is betting that the rest of the market will catch up soon enough.
SHIB has been fading into the background for months while traders chased newer narratives, but this kind of deep-pocket movement tends to resurface attention fast. A two-day, $2.4 million stack is not just a coincidence. It also does not happen unless someone sees something that the crowd does not.
Whether this is the start of a bigger SHIB rotation or just another ghost whale stacking for the long haul depends on what follows. But one thing is for sure: 111.5 billion SHIB just left Coinbase, and someone’s playing a bigger game.
