400 Billion SHIB in 24 Hours: Dormant Whale Hits Gnosis Safe After Month of Inactivity

Cover image via depositphotos.com 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. An unknown large Shiba Inu (SHIB) investor has broken a month-long pause by withdrawing 400 billion SHIB tokens from the Gnosis Safe Proxy smart contract (0xD13). Advertisement According to data from Arkham Intelligence , the transfer instantly turned the transit address "0xf9905...f64f5", which previously held only negligible balances of third-party tokens, into a large operational wallet with a balance of $1.89 million, the current estimated value of the unknown investor's new SHIB reserves. A one-time withdrawal of funds from the corporate multisig infrastructure of Gnosis Safe to a fresh external address changes the logic of asset ownership. In the on-chain practice of the crypto market, such an action is rarely taken for passive holding, since the coins are moved from a secure storage setup with distributed approvals to a wallet controlled by a single private key. HOT Stories XRP, Bitcoin (BTC), Ethereum (ETH) and Hyperliquid (HYPE) Price Analysis for June 8: Are Top-Tier Assets Ready to Bounce? Schiff: 99% Crash Wouldn't Phase Bitcoin 'Cult' "0xF9905" activity with the Shiba Inu coin (SHIB), Source: Arkham The on-chain history shows that this investor acts cyclically, with similar bursts of SHIB accumulation on this address recorded exactly one and two months ago, followed each time by thirty days of complete silence. Advertisement Is this whale secretly setting up SHIB's next move? The local timing of the transaction points to a targeted buyout of price consolidation. At the moment the 400 billion coins were credited, SHIB was trading at $0.00000472 while holding a minimal daily gain, and the wallet's portfolio structure confirms that it is isolated for a specific market task. Now, the meme coin accounts for 99.4% of the total asset value, while accompanying positions in Ethereum (9.99 ETH worth $16,600), SKYA ($52), and BASED ($5.70) play a technical role or represent residual balances from previous swaps. You Might Also Like Mon, 06/08/2026 - 10:37 106 Billion SHIB Out: Shiba Inu Returns to Bullish Zone as Sell Pressure Fades By Caroline Amosun Advertisement Since Arkham has not yet recorded a transfer of the tokens to hot wallets of centralized exchanges such as Binance or Coinbase, there is no direct pressure on market order books. Therefore, the current capital allocation can be interpreted either as preparation for a private over-the-counter (OTC) deal without participation in the exchange order book, or as the formation of a local support level by a large market maker accumulating liquidity at current price values. #Shiba Inu #Shiba Inu (SHIB) News