- Major whale transfer of Shiba Inu (SHIB) to Coinbase noted.
- Despite large movements, SHIB price sees upward trend.
- Whale transactions crash 84%, impacting market dynamics.
Summarizing a recent transaction, a wallet transferred 2.87 trillion Shiba Inu (SHIB) to Coinbase on June 4, 2025. This substantial movement drew attention, yet SHIB’s price remained stable, indicating possible market maker involvement.
The transaction highlights significant market activity with potential for institutional strategies, as SHIB stabilized, indicating resilience amid decreased whale activity.
A wallet identified as “0x2e2c” moved 2.87 trillion SHIB, amounting to $36 million, to Coinbase Prime’s institutional arm on June 4, 2025. Despite the transaction size, Shiba Inu’s market impact remained contained, showcasing resilience. No known leaders or influencers publicly addressed the transfer, though monitored by Whale Alert. Speculation surrounds whale motives, given its scale.
Shiba Inu and the cryptocurrency community observed minimal immediate fallout from the whale’s movement. The market regarded this as a custodial transaction rather than a sell-off. This interpretation supported updated valuations and reinforced Shiba Inu’s short-term stability within the cryptocurrency market.
Interest persists following SHIB’s trading at approximately $0.00001292, suggesting ongoing investor faith. While the transaction underscored broader investor sentiment, notable on-chain activity reflected potential shifts in large holder strategies. Historical whale activity patterns, alongside expert insights, suggest market adaptation with minimal disruptive effect. This episode underscores the robust institutional infrastructure in cryptocurrency, facilitating capital shifts without immediate adverse market responses. Such trends showcase potential stability despite large-scale movements, indicating evolving market behavior under scrutiny from traders and investors.
