1.16 Trillion Shiba Inu (SHIB) Exits Coinbase: Why Multi-Million Dollar Transfer Bypasses Spot Market
Analysis
Price Impact
LowThe transfer of 1.16 trillion shib from coinbase was conducted internally through coinbase prime custody and to new, empty wallets, bypassing the spot market. this means it did not directly interact with buy/sell orders and thus had minimal immediate impact on the price.
Trustworthiness
HighPrice Direction
BullishWhile the transfer itself did not cause price movement, the article suggests this action is occurring near a local bottom, with the weekly rsi indicating oversold conditions. separating assets within custody near a potential bottom could be interpreted as an attempt to preserve positions and is often seen as a precursor to potential price appreciation if the market turns bullish.
Time Effect
LongThe immediate price impact is low due to the internal transfer mechanism. however, the long-term implication depends on the market's reaction to the asset being consolidated in custody near a potential bottom. if the market sentiment turns positive, these preserved positions could contribute to a larger upward move.
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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. How Coinbase just moved over a trillion SHIB to empty wallets Why is this happening right now? Advertisement While the Shiba Inu (SHIB) price remains near the critical level of $0.000004249, a major withdrawal of 1.16 trillion tokens worth approximately $4.95 million has been recorded from Coinbase's Ethereum infrastructure. According to Arkham Intelligence , the entire amount was distributed across three completely new wallets that were apparently created specifically for these transactions and hold no other assets apart from the received SHIB. How Coinbase just moved over a trillion SHIB to empty wallets On-chain data explains why this multimillion-dollar transfer completely bypassed the spot market and had no impact on exchange order books. Two transactions — involving 348 billion and 242 billion SHIB — were sent directly from verified Coinbase Prime Custody addresses, a service that exclusively serves large corporate clients. HOT Stories XRP, Cardano (ADA), Stellar (XLM) and Bitcoin (BTC) Price Analysis for July 22: Bulls Are Waking Up Telegram's Durov Teases Largest Non-Custodial Crypto Wallet Launch Distributing assets across new, separate addresses outside the trading platform is a standard technical process for a custodian, required for internal security and liquidity management. Advertisement On-chain data tracks 1.16 trillion SHIB routing to new isolated wallets, Source: Arkham Intelligence At the same time, the origin of the largest portion — 573 billion SHIB that left the platform — remains unclear. It was transferred from wallet "0xa59...447", which has no exchange labels in Arkham's system. This address may belong either to an unmarked internal Coinbase structure or to a large private holder withdrawing the assets. Why is this happening right now? The token is trading close to the psychological support level of $0.00000400, while the weekly RSI of 33–35 indicates that the asset is deeply oversold. A move below this support level would expose SHIB to the risk of falling toward its lows from previous years. You Might Also Like Wed, 07/22/2026 - 10:58 7 Out of 10 Shiba Inu (SHIB) Signals Are Bullish: Analyzing Each One By Arman Shirinyan Advertisement The fact that 1.16 trillion SHIB is being separated within the custody system precisely near a local bottom points to the locking in and preservation of positions. The transfers were deliberately conducted within the exchange's infrastructure, bypassing spot order books, which made it possible to move a large amount without causing price fluctuations and to keep the price above the critical threshold. #Shiba Inu #Shiba Inu (SHIB) News