Just past midnight, a single transaction moved 2.86 trillion SHIB tokens valued at $36.6 million into Coinbase Institutional. The tokens came from a wallet previously unlinked to any major exchange, triggering alerts across blockchain tracking platforms.
Blockchain data shows the sender address — "0x2E2...AaEf" — had been holding a SHIB-heavy portfolio before offloading the bulk of it. The wallet still holds over 30 billion SHIB but is now largely emptied of its largest asset.
You Might Also Like
Thu, 06/05/2025 - 00:01 Bitcoin (BTC) Signals Mini-Death Cross, This Shiba Inu (SHIB) Signal Is Bullish, Dogecoin (DOGE) Sleeping ByArman Shirinyan
HOT Stories 2,869,483,918,550 SHIB Stuns Major US Exchange Coinbase Institutional Ripple’s 1B XRP Unlock Comes Late Again Ripple CTO: $6 Billion Circle Offer Was a Joke Bitcoin (BTC) Signals Mini-Death Cross, This Shiba Inu (SHIB) Signal Is Bullish, Dogecoin (DOGE) Sleeping
The receiving address is tied to Coinbase Prime, the institutional wing of the U.S.-based crypto exchange. These wallets are commonly used by hedge funds, market makers or high-net-worth clients for large-scale custody or over-the-counter trades.
There is speculation that the sending wallet is linked to Wintermute, one of the better-known trading firms in the space, though this has not been officially confirmed. No public comment has been made by Coinbase or any party tied to the transaction.
🚨 🚨 2,869,483,918,550 #SHIB (36,603,136 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/EZW4fa0AtU
— Whale Alert (@whale_alert) June 4, 2025Shiba Inu coin's price has not moved much in response. The token is currently trading at $0.00001282 and has been sliding slowly since late May. The charts show no immediate spike in volume following the transfer.
You Might Also Like
Wed, 06/04/2025 - 11:22 'I Love Bitcoin, But': Coinbase CEO Reacts to US Debt; MrBeast and Elon Musk Respond ByGamza Khanzadaev
What makes the move notable is not just the dollar value — it is the destination. Transfers of this size into Coinbase Institutional tend to signal preparation for action, whether that is a large sale, strategic holding or participation in internal trading flows.
No overarching narrative has been assigned to this one yet. But a $36 million shift into one of the biggest institutional platforms in the U.S. tends to get logged — and watched. For now, it is on-chain, it is confirmed and it makes the SHIB community watch closely.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
