Coinbase-Linked Wallet Possibly Doubles Shiba Inu Holdings Amid Price Decline

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.