20,841,045,129 SHIB Go Offline From Major Crypto Exchange Right as Shiba Inu Coin Price Jumps 22% in Recovery Bull Market
Analysis
Price Impact
HighThe transfer of over 20.8 billion shib tokens from a major exchange's hot wallet to cold storage significantly reduces immediate sell-side liquidity. this supply shock, coupled with the ongoing recovery bull market, likely contributed to shib's 22% price jump, showing signs of demand absorption.
Trustworthiness
MedThe on-chain data for the transfer from okx is verifiable via arkham. however, the interpretation of the transfer's motivation (e.g., 'plunge protection,' 'order book restructuring,' or 'long-term supply adjustment') is speculative, as the article itself notes.
Price Direction
BullishThe removal of a large quantity of tokens from exchange hot wallets to cold storage implies a reduction in immediate selling pressure and potential long-term holding. this action, coinciding with a market recovery, creates a bullish signal by tightening available supply on exchanges.
Time Effect
LongMoving tokens to cold storage typically indicates a long-term holding strategy, removing them from active trading supply. while the immediate price reaction can be swift, the underlying implication for supply adjustment and potential future price appreciation (due to reduced circulating supply) is long-term.
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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 Shiba Inu (SHIB) rallied 22% this weekend amid sudden transfer of 20,841,045,129 tokens from OKX’s hot wallet into the exchange's cold storage, as visible on Arkham , taking over $132,000 worth of SHIB out of circulation. Advertisement Source: Arkham Price-wise, the recovery has been fast for the Shiba Inu coin , with it reclaiming $0.0000062 and showing signs of demand absorption. While the crypto market overall remains in extreme fear conditions, the timing of the wallet shuffle suggests a change in SHIB’s local order book structure. Why 20,841,045,129 Shiba Inu (SHIB) just disappeared from OKX order books Shiba Inu (SHIB) just had one of its biggest centralized exchange shuffles in weeks. According to on-chain data by Arkham from Feb. 7, 20.84 billion tokens worth about $132,130 were suddenly taken out of OKX's hot wallet and moved into cold storage. The transfer happened during a period of SHIB testing price levels not seen since early 2023. HOT Stories XRP Defies Market Bearishness with $45M in Weekly ETF Inflows Ripple Invited to White House, Peter Brandt Calls Out Bitcoin Manipulation, Musk Endorses Dogecoin, Vitalik Buterin Dumps Ethereum — Top Weekly Crypto News With the timing — during a brutal 30% drawdown from week's opening and a consequential 22% recovery — the move prompts some speculation. Could this be a sign of exchange reserve management, plunge protection or order books restructuring? Advertisement You Might Also Like Sun, 02/08/2026 - 00:02 212,479,300,000 SHIB: Key Shiba Inu Metric Says Demand Is Back By Caroline Amosun SHIB's price is now quoting near $0.00000626 after a failed bounce off the $0.0000068 support level it had hit before. With that in mind, a potential breakdown zone for the Shiba Inu coin remains as low as $0.0000046. SHIB/USD by TradingView This OKX move is also a rare example of token-specific divergence in a larger trend of meme coin sell-offs. While most altcoins are seeing huge outflows, SHIB is being locked away, which is usually a sign of long-term supply adjustment. This 20.8 billion SHIB move could be a big deal, or it could be nothing. Either way, it is not happening just like that. Advertisement #Shiba Inu (SHIB) News #Shiba Inu #SHIB