2,204,312,787,879 SHIB Leave Coinbase Amid Rare Bullish Shiba Inu Price Setup: Details
Analysis
Price Impact
HighA significant withdrawal of over 2.2 trillion shib from coinbase to a new, inactive wallet suggests a reduction in immediate selling pressure on the exchange. this substantial movement indicates strategic positioning by large holders, likely preparing for future market changes or rotation rather than quick sales.
Trustworthiness
HighThe data originates from arkham, an on-chain analytics firm, making the transaction details highly reliable. the interpretation of holder intent (rotation vs. sales) is a common analytical inference based on wallet behavior.
Price Direction
BullishThe removal of such a large quantity of shib from an exchange hot wallet, especially to a wallet without a history of quick cash-outs, implies a reduction in liquid supply available for immediate sale. this can alleviate sell pressure and, coupled with the identification of key support ($0.00000860) and resistance levels ($0.00000950, $0.00001) for a potential 'sentiment change,' sets up a bullish outlook as long as the support holds.
Time Effect
ShortThe immediate impact of reduced exchange supply and the preparation for 'fast rotation' typically influences short-term price dynamics. the identified resistance levels are also relatively close, suggesting potential movement in the near future.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News A series of on-chain transactions, documented by Arkham , pulled 2,204,312,787,879 SHIB out of Coinbase's "0xA9D" hot wallet and sent it all to one address, creating a cluster that is pretty unusual because of how big it is and how it happened. Advertisement The transfers came in six pieces — from 11.7 billion SHIB to 584.6 billion SHIB per tranche — and at current pricing, the receiving wallet ended up sitting on about $18.76 million worth of SHIB. This matches the behavior of holders who prefer to take size off the exchange before market conditions change. The Shiba Inu coin is still stuck around $0.00000852, which the market has tested a bunch of times without breaking. Even though the chart is not showing a clear trend, there is a pattern of small dips followed by stabilization, and you can see this in both daily and intraday frames. HOT Stories Morning Crypto Report: XRP Ready to Unlock Solana, Shiba Inu (SHIB) Rockets 30% in Volume, SpaceX Moves $100 Million in Bitcoin While Elon Musk Stays Silent Saylor’s 'Buy Every Bitcoin' Strategy Mocked by Schiff XRP Gets Institutional Boost with Flagship Index Crypto Market Prediction: Enormous Shiba Inu (SHIB) Divergence Printed, Ethereum (ETH) Scorching Local Resistance, Is XRP Downtrend Ending? Source: Arkham Sellers tried to push the meme coin lower earlier in the week, but each move stalled before doing any damage, leaving SHIB stuck in a narrow range. Advertisement What's going on with SHIB on Coinbase? Coinbase's SHIB balance has been dropping all month, and these withdrawals are adding to expectations. The destination wallet is a new one and does not have a history of quick cash-outs, which makes it seem like these tokens are being prepared for fast rotation rather than being prepared for sales. You Might Also Like Wed, 12/10/2025 - 11:31 Morning Crypto Report: XRP Ready to Unlock Solana, Shiba Inu (SHIB) Rockets 30% in Volume, SpaceX Moves $100 Million in Bitcoin While Elon Musk Stays Silent By Gamza Khanzadaev That is important because the market now has clean levels to watch: $0.00000860 as the level that keeps the ascending structure intact, $0.00000950 as the first real ceiling and $0.00001 as the point where the sentiment change awaits Shiba Inu . Advertisement #Shiba Inu (SHIB) News #Shiba Inu #SHIB #Coinbase