Whale Blows $2M Shiba, Steps Out of Coinbase Faster Than You Blink

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Well, would ya look at that? A whale drops a cool two million bucks in SHIB, then just zips out of Coinbase faster than my patience on a Tuesday. Two days, folks! Two days! It’s like high-stakes musical chairs, but with crypto and fewer chairs. 🎶🦈

According to Arkham, on November 4th, over 233 billion… yes, with a B, billion SHIB were moved from Coinbase’s hot wallet to some mysterious deposit address. And then, like a bad boomerang, poof, they’re back at Coinbase’s main wallet. No swaps, no external addresses-just a little inside job. Maybe a liquidity test? Or Coinbase’s way of saying, “Look, we’re just fiddling around, no big deal”? Or maybe they just like to keep us guessing. 🤔

This whole circus happened while SHIB was as boring as a Monday morning-trading in that tiny $0.0000087 to $0.0000090 range. Yawn. At those prices, half of SHIB’s daily volume went bouncing around inside Coinbase without even bothering to stir the pot on the market. Yeah, makes you feel confident, right?

Shiba Inu (SHIB) in November: The Not-So-Festive Season

If you’re counting, November has a history with SHIB-three out of four years, it’s taken a nosedive in this very month, about 10%. Seems like a tradition, like bad relatives showing up for Thanksgiving. 🦃

So, if this was an external withdrawal, it’s a sign-they ain’t exactly feeling the love for SHIB right now. If internal, well, less activity on the exchange means even the whales are on standby. Or maybe they’re just playing hide and seek. Either way, big SHIB movements stay bottled up inside Coinbase rather than wandering off into the wild. Looks like caution’s the new black. 👀

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2025-11-06 15:59