Shiba

Arkham

when

Shiba Inu

Billion

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Popular meme-inspired cryptocurrency&nbsp;<a href="https://u.today/shytoshi-kusama-might-set-shib-on-fire-this-week-heres-why" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> is once again in the spotlight in the dynamic world of crypto, as an unknown new whale allegedly withdrew billions of tokens from major U.S. exchange Coinbase.&nbsp;
Thus, according to on-chain data displayed by&nbsp;<a href="https://platform.arkhamintelligence.com/explorer/address/0x73f825ce248f2cf30d11E189fccFf04e21EeEFE5" rel="noopener noreferrer nofollow">Arkham Intelligence</a>, the entity behind the "0x73f8" address has withdrawn 165.37 billion SHIB in the last five days, which is equivalent to $2.26 million in current prices.
This amount of&nbsp;<a href="https://u.today/shiba-inu-shib-faces-reversal-at-0000015-will-price-plummet" rel="noopener noreferrer nofollow">Shiba Inu</a> tokens was withdrawn in three transfers, with the latest consisting of 97 billion SHIB, worth $1.33 million, happening over the last 17 hours. It is worth noting that there is no previous history with this wallet, and all withdrawals occurred on Coinbase. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="0c4f29d8-a0f9-411b-9e39-875747bc4ff0" src="https://u.today/sites/default/files/inline-images/shibb_4.png">Source: <a href="https://platform.arkhamintelligence.com/explorer/address/0x73f825ce248f2cf30d11E189fccFf04e21EeEFE5" rel="noopener noreferrer nofollow">Arkham Intelligence</a>
<h2 dir="ltr" id="shiba-inu-shib-tests-patience">Shiba Inu (SHIB) tests patience</h2>
Meanwhile, the price of the Shiba Inu token continues to trade mainly...sideways. The lack of action is known to be typical for the accumulation period, but it is still very boring and annoying.&nbsp;
However, as one can see, this is a period on the market when sophisticated market participants make investment decisions, the biggest of them.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="16af6976-d6bf-4a80-8ab0-6f641fef76e4" src="https://u.today/sites/default/files/inline-images/SHIBAINU_0.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
It will be interesting to see if the unknown whale will continue to accumulate SHIB at current prices and how they will manage the amount already accumulated after the market decides its direction. Nevertheless, Shiba Inu is back in the spotlight, and the&nbsp;<a href="https://u.today/shiba-inu-shib-spikes-240-in-key-stat-as-whale-activity-unveiled" rel="noopener noreferrer nofollow">SHIB</a> community loves it.

165 Billion Shiba Inu (SHIB) Mystery Stuns Biggest US Exchange

Table of Contents

U_Today

Other articles published on Aug 13, 2024

BNB Chain Announces ‘Meme Innovation Battle Round 3 - Birth of MEME Heroes’ (13 Aug)

Chip makers race to develop more energy-efficient chips for AI

Massive Liquidations! Bitcoin Plunges Below $59,000!

Dogecoin And Floki Among Biggest Memecoin Gainers Amid Elon Musk's Interview With Trump

Weekly Article Recap: 7/29-8/02

Bitcoin Rises Due to Market Optimism and Inflation Data

Join our free newsletter for daily crypto updates!