Half-Trillion Shiba Inu (SHIB) Withdrawal Stuns Major US Exchange Coinbase: What's Going On?
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A staggering 485.1 billion Shiba Inu (SHIB) tokens were withdrawn from Coinbase, valued at over $3.47 million. The transfers occurred in three parts over two days, suggesting the owner may be planning to hold the tokens off-exchange or redistribute them. This withdrawal happened while SHIB was trading near weekly lows, indicating a strategic long-term hold. If SHIB maintains above $0.0000071, potential upside targets are $0.0000074 and $0.0000078; otherwise, the market may seek support around $0.0000068. The wallet's future activity will determine the market narrative.
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