You Won’t Believe How This SHIB Whale Cashed Out Millions (No, Seriously)

by

Once upon a crypto moon cycle, a mysterious figure known only to on-chain voyeurs as “The Whale” decided to dabble in Shiba Inu (yes, that coin named after a dog that looks like it could run a start-up). Over a month, this individual amassed—wait for it—198,171,864,549 SHIB tokens. That’s 198 billion, with a ‘B’. Frankly, the sort of number you could use to impress people at parties, provided the party is full of people who know what a hot wallet is. 🦈

Now, after all that accumulation, our friend seemed to think, “What if I just put it all back where I found it?” So, 16 hours ago, every last token was fired back to a Coinbase hot wallet in a single, magnificent transaction worth about $2.71 million. Either it’s a clever sale, or just a cosmic act of crypto spring cleaning.

But wait—according to our ever-restless detectives at Arkham Intelligence, this same wallet had gobbled up three mega-loads from Coinbase just weeks ago: 87.28 billion here, 32.20 billion there, and because you always need a little extra, 78.67 billion for dessert. The value back then: $2.41 million. Current scorecard: Whale up about $300,000 in less time than it takes your neighbor to explain why Bitcoin will “definitely” hit a million next week. 💸

Take a peek at the wallet balance chart and you’ll see a story full of hope, greed, and probably a little confusion. Holdings nudged just over $1 million earlier in April, then whooshed up to $2.7 million—like a roller coaster, if the roller coaster were made of cartoon dog money. Was it Wall Street savviness? The mysterious Musk effect? Telepathy? Well, it’s a mystery for the ages (or until someone leaks the wallet owner’s Reddit posts).

Here’s the twist worthy of a daytime soap: every single token went straight back to the same Coinbase wallet they started at. This could mean it wasn’t a plucky investor at all, but just Coinbase playing musical chairs with their assets (because even exchanges get bored sometimes).

Shuffle or sell-off, it’s shockingly effective: scoop up a gigantic pile of meme coins when things are quiet, dump them when everyone gets excited, and walk off with enough money to buy every dog sweater on Etsy. So, was this genius, luck, or just the kind of happenstance you find when algorithms run wild? Who knows. The wallet is empty now, but someone’s definitely sleeping in a bed made entirely of SHIB-branded blankets tonight. 🛌🐶

Read More

2025-04-30 15:19