Shiba Inu (SHIB) Rockets 100% in Sudden Coinbase Whale Activity
Main Idea
A significant whale activity on Coinbase involving Shiba Inu (SHIB) saw over 100 billion SHIB added to a wallet in one day, coinciding with a price drop, indicating potential long-term holding behavior.
Key Points
1. A whale added over 100 billion SHIB to their wallet in a single day, increasing their holdings to 186.68 billion SHIB worth approximately $2.4 million.
2. The wallet received six transfers of 14.427 billion SHIB each, followed by a smaller deposit of 9.6 billion SHIB, raising the balance from $1.2 million to $2.39 million in under 24 hours.
3. SHIB's price dropped from $0.000013 to $0.00001255 during the deposits, then slightly recovered to $0.00001278 per SHIB.
4. On-chain data shows no signs of SHIB leaving the wallet, suggesting a long-term holding strategy despite the price decline.
5. All transactions originated from Coinbase's systems, adding intrigue to the timing and nature of the whale activity.
Description
Mysterious Coinbase whale adds over 100,000,000,000 SHIB in one day
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