Coinbase Whale Becomes Shiba Inu Billionaire After 48,530,211,274 SHIB Withdrawal From Major US Exchange

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 Coinbase whale just minted itself a Shiba Inu (SHIB) billionaire — at least on-chain. In a big move tracked by Arkham , a mysterious address got 48.53 billion SHIB from Coinbase's hot wallet, worth about $422,700 at the time of transfer. Advertisement The transaction, which happened just eight hours ago, is one of the biggest single SHIB withdrawals in the last few days. The recipient wallet is not new to Ethereum, as it has the "Ethereum First Funder" tag, showing it has been around for a while — but its recent activity shows a clear shift. With a portfolio worth $2.54 million, the address holds 410 ETH, but SHIB has suddenly jumped to second place, with over $408,000. HOT Stories BREAKING: Strategy Announces Biggest Bitcoin Purchase Since July Morning Crypto Report: XRP up 11% in Best Q1 Since 2023, Satoshi's First-Ever Bitcoin Transfer Meets $2.4 Billion Twist, Cardano Sees Abnormal $0 as ADA Bears Disappear Hoskinson Says XRP DeFi Is Coming Crypto Market Review: XRP — Hidden Golden Growth Signal, Shiba Inu (SHIB) Volume Is at Zero, Is Ethereum (ETH) Rally Finally Ready? Source: Arkham While the SHIB market as a whole dropped by 2.8% today to $0.00000839, the whale's entry suggests that they are building up their position at a price they think is too low for the meme coin. SHIB recently tried to break above $0.00000900 but could not hold, trading just above key local support levels now. Advertisement Potential profit of this Shiba Inu (SHIB) play Technical traders are watching the $0.00000699 line as a possible safety net, with targets of around $0.00001102 and $0.00001203 — the next areas of resistance where the Shiba Inu coin has previously encountered pushback. If the whale's timing is right, that next leg up could lift their position by $160,000 to $200,000. You Might Also Like Mon, 01/12/2026 - 13:14 'Builders Don't Wait': Shiba Inu Team Signals Momentum as Community Pushes Ahead By Tomiwabold Olajide Advertisement Arkham's balance history shows the impact. The wallet portfolio shot up from under $500,000 to over $2.5 million in less than two months, with the SHIB move being the latest catalyst. It is not clear if this is strategic anticipation of an exchange relisting, meme coin rotation or a more fundamental bet on SHIB's next cycle, but one thing is clear: this address did not hesitate while retail holders were unsure. #Shiba Inu (SHIB) News #Shiba Inu #SHIB