While the crypto market continues to struggle, some Shiba Inu investors appear to be taking advantage of discounted prices.
Over the past day, a mysterious whale behind a newly created wallet withdrew more than 169 billion Shiba Inu (SHIB) tokens from Coinbase.
Withdrawal Details
According to Arkham Intelligence, the whale withdrew a total of 169,136,053,041 (169.13 billion) SHIB from Coinbase across six transactions between December 3 and December 4, 2025.
The activity began on December 3, when the new address 0xB3D…BF583 received 81.61 billion SHIB from Coinbase’s hot wallet. Over the next few hours, the whale executed three additional withdrawals of 19.48 billion, 11.59 billion, and 11.55 billion SHIB.
The accumulation continued the next day with two more transfers, each containing 11.34 billion SHIB and 33.54 billion SHIB, bringing the total withdrawals to 169.13 billion SHIB. Arkham Intelligence data shows that the wallet in question had no prior inflows, confirming that it was recently created.
Shiba Inu Holdings Still Intact
Interestingly, the whale still holds all 169.13 billion SHIB in the new wallet, indicating an intention to accumulate rather than sell.
By withdrawing such a large amount from an exchange, the investor effectively reduces immediate selling pressure on SHIB as fewer tokens remain available on trading platforms. At current prices, the withdrawn tokens are worth approximately $1.46 million.
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Shiba Inu whale accumulates over 169 billion SHIB
Although sizable, this latest move is relatively small compared to previous large-scale withdrawals from Coinbase. In July, for example, a new wallet pulled 5 trillion SHIB from Coinbase, and the following month, another address withdrew 3 trillion tokens.
Potential Market Reactions
However, this most recent transaction has drawn notable attention due to its timing. It arrives at a time when SHIB is hovering around $0.0000086, well below the $0.00001 psychological level that many holders have been watching.
While the stagnant price has frustrated long-term investors, it has created an attractive entry point for buyers looking to accumulate SHIB at a discount ahead of a potential rebound.
Market reactions to this accumulation will depend on whether the whale continues to buy SHIB on Coinbase. Continued accumulation could be a bullish signal, encouraging other traders to join, potentially setting the stage for an upward price trend.
Conversely, if the whale’s activity stops, the purchase may be viewed as a one-off event with limited impact.
Meanwhile, Shiba Inu is trading at $0.000008602, down 2.63% over the past 24 hours and 1.01% over the past week
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
