A transfer of 221.5 billion $SHIB ($5.7 million) from a private wallet (0xb258) to Coinbase can generally be seen as a bearish signal. Here’s why:

1. Potential Sale: Transferring a large amount of cryptocurrency to an exchange like Coinbase often indicates that the holder might be preparing to sell the tokens. This could increase the supply of $SHIB on the market, potentially driving the price down.

2. Market Sentiment: Large sell-offs by significant holders, or whales, can cause panic among smaller investors, leading to further selling and a decrease in price.

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