Meme coin Shiba Inu (SHIB) spent most of the week stuck in the $0.00000835-$0.00000855 range, barely moving from the lower band it's held since late November. But this stagnant market didn't stop one of the biggest outflows of the quarter, with a combined 4,136,208,073,220 SHIB leaving Coinbase in two direct transactions, as per Arkham.

The first transfer logged 1.173 trillion SHIB, valued at around $9.87 million at a reference price of $0.00000841, and the second moved 2.963 trillion SHIB, about $24.92 million at the same mark, into separate wallets that show no transactional history, no recycling patterns and no prior exposure to centralized exchange routing.

The event was more than just a basic whale shuffle because SHIB has been trading at the same low levels that defined its early-2024 accumulation pocket, specifically the $0.00000790-$0.00000920 range. Multi-trillion buyers usually appear only when pricing is compressed into floors that encourage long-term stacking.

The chart of the meme coin is still tracking below the mid-2025 high at $0.000031 and far from the early-cycle breakout at $0.000021. The scale of today's removal really stood out in a market that has recently seen more distribution than pickup.

Bigger picture for Shiba Inu coin

The timing lines up with Coinbase Derivatives turning on 24/7 monthly futures across Shiba Inu and several other altcoins, while the exchange gets ready to launch U.S. perpetual-style altcoin futures on Dec. 15, opening up access to hedging structures that usually bring more speculation around coins priced at deep discounts.

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There's no way to tell what's going on with the transfers alone, but looking at the big picture, SHIB is sitting near $0.00000840, there's not a lot of liquidity, new leveraged rails are being switched on, and four trillion tokens just left Coinbase and went off the radar.

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