Shiba Inu (SHIB) Rockets 100% in Sudden Coinbase Whale Activity

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.