Coinbase-Linked Wallet Possibly Doubles Shiba Inu Holdings Amid Price Decline
Main Idea
A Coinbase Prime-linked wallet has doubled its Shiba Inu (SHIB) holdings to 186.68 billion tokens, strategically accumulating during a recent price dip, which may signal institutional interest and potential market impact.
Key Points
1. Coinbase Prime's anonymous wallet increased its SHIB holdings to 186.68 billion tokens, worth approximately $2.4 million, through strategic accumulation during a price decline.
2. The wallet executed six transfers of 14.427 billion SHIB each and an additional 9.6 billion SHIB deposit, raising its balance significantly.
3. The accumulation coincided with SHIB's price drop from above $0.000013 to $0.00001255, suggesting a deliberate buying strategy.
4. The large-scale accumulation via Coinbase Prime may influence SHIB's market sentiment, potentially stabilizing or increasing its value.
5. The move highlights growing institutional interest in SHIB and could signal positive market momentum.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Coinbase Prime’s anonymous
Latest News
- Bitcoin Dominance Declines as Ethereum, IKA, and Pump.fun Show Potential for Altcoin Breakouts2025-07-31 12:40:20
- White House Cryptocurrency Council Executive Director Declares US Government Bitcoin Holdings Off-Limits2025-07-31 12:39:43
- $NAORIS listed on Bybit futures2025-07-31 12:35:45
- US JUNE CORE PCE PRICE INDEX RISES 2.8% Y/Y EST. +2.7%2025-07-31 12:35:28
- U.S. Government Bitcoin Holdings Remain Undisclosed Amid Legal and Budget Uncertainties2025-07-31 12:35:02