389,999,999,999 Shiba Inu (SHIB) Suddenly Withdrawn From Major Korean Exchange, Destination Unclear
Analysis
Price Impact
LowDespite a massive withdrawal of nearly 390 billion shib (approx. $3.3 million) from a korean exchange (upbit-linked address), the price of shiba inu remained unaffected in the short term, holding around $0.0000079.
Trustworthiness
HighThe data is sourced from arkham, a reputable on-chain analytics platform, and reported by u.today, indicating high reliability of the factual transfer event.
Price Direction
NeutralWhile the immediate price action was neutral, such large, complex movements by an unusually active wallet often suggest either an exchange rebalancing liquidity or a large holder preparing for future market engagement. the unclear destination makes a definitive bullish or bearish stance difficult, hence neutral for now.
Time Effect
LongMovements of this scale, whether for liquidity rebalancing or by a large holder reorganizing supply, typically precede a shift in market conditions or a strategic engagement that plays out over a longer timeframe, rather than inducing immediate price swings.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Shiba Inu (SHIB) watchers have a new data point to consider after 389,999,999,999 SHIB left an Upbit-linked address, as per Arkham , and flowed into an unusually active wallet across several exchanges. This wallet has been making transfers to and from Binance, Bitget and a variety of smaller exchanges, but the pattern is not as neat as you would typically see if a single platform were shuffling liquidity. Advertisement This transfer did not occur in isolation either, being part of a series of transactions in which the same wallet sent multiple 30-40 billion SHIB batches to various destinations just hours apart. While price action remained unaffected, as the Shiba Inu coin price stayed locked around $0.0000079, the flow itself carried weight. Previous weeks had been dominated by deposits into centralized venues, and most large transfers had leaned in the same direction. HOT Stories Morning Crypto Report: XRP Rockets 324% in Weekly ETF Inflows, Strategy CEO Reveals Why They May Sell Bitcoin, Shiba Inu (SHIB) in December: What to Expect Ripple Wins Major License Boost in Singapore XRP Sees 1,447% Liquidation Imbalance, Shiba Inu Joins Japan's Green List, Saylor’s Strategy Having Second-Worst Month Since Buying Bitcoin — Top Weekly Crypto News Crypto Market Prediction: Shiba Inu (SHIB) Ends It Here, Bitcoin (BTC) Price Reaches Key $90,954 Moment, Will XRP Fall Under Mini-Death Cross? Source: Arkham Therefore, the sudden extraction of nearly $3.3 million worth of tokens from a Korean exchange cluster adds a new line to the month's distribution map. Advertisement This is especially true because the address is not a cold vault — it is a wallet that receives funds from Upbit, sends them to Binance, receives funds from various other wallets and then sends them on again, all within a short time frame. This pattern rarely fits purely internal exchange routing. Key question for Shiba Inu coin What's most important right now is what this cluster represents. If it is part of Upbit’s infrastructure, the moves suggest a rebalancing phase, in which SHIB liquidity is being distributed across multiple operational paths prior to the next turnover. You Might Also Like Mon, 12/01/2025 - 08:24 Shiba Inu (SHIB) Price Crash: Double Bottom Formed, There's a Chance By Arman Shirinyan If not, then someone is moving hundreds of billions of SHIB between major venues with enough confidence to treat nine-figure transfers as routine. Movements of this size usually occur when liquidity desks prepare for a shift in market conditions, or when a large holder begins to reorganize supply before engaging with the market differently. #Shiba Inu #SHIB #Shiba Inu (SHIB) News