Shiba Inu (SHIB), the meme-inspired cryptocurrency, is once again making headlines as an unknown whale withdrew a staggering 165.37 billion SHIB tokens from the major U.S. exchange Coinbase over the last five days. Citing on-chain data from Arkham Intelligence, the individual operating the "0x73f8" address coordinated an enormous withdrawal now worth about $2.26 million.
The whale's activity was performed in three different calls, the last and most important of which was realized by swapping 97 billion SHIB tokens for approximately $1.33 million. The latest one was conducted in the last 17 hours. What is more important to emphasize is the absence of previous transactions. This has evoked curiosity across the SHIB community. Despite all of these transactions, it seems as if the Whale continues to have more up their sleeve as all of these were executed on Coinbase.
The post "Shiba Inu Whale Withdraws Massive 165 Billion SHIB Tokens from Coinbase, Sparking Market Interest" first appeared on 36crypto.com News.
