A Shiba Inu whale has withdrawn 169.13 billion SHIB tokens from Coinbase, and the transfer was worth around $1.49 million at the time of writing. The Shiba Inu accumulation happened through six separate transfers over a 17-hour window, which has raised quite a bit of speculation about whether a meme coin rally might be forming as the Shiba Inu price stays stuck near $0.0000088 right now.

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Shiba Inu Whale Moves 169B SHIB, Driving Price Gains And Meme Rally

Controlled Sweep From Coinbase

The Shiba Inu whale has literally pulled off what can only be described as a controlled sweep and the amount of transfers have been skyrocketing as high as 11 billion SHIB to even 81 billion SHIB in half a dozen transactions carried out by the same Coinbase hot wallet. Arkham indicates these incoming transfers arriving one shortly after another through a narrow opening, to indicate that this was not a casual pick up, but it was a purpose.

Of interest about this crypto whale action is that the trend was so simple, and there was not the usual commotion of routing or splitting, common among big holders when they are attempting to remain unnoticed. The address has not transmitted anything since the tokens were received therefore it is not an exchange wallet or internal shuffle. This is an individual that is positioning himself.

Accumulation During Flat Price Action

The timing of this Shiba Inu whale activity is interesting because SHIB has stuck near $0.0000088, which is a level the market keeps returning to, and the chart has not really shown anything that would naturally attract this kind of demand right now. Yet whales often prefer to make their moves during these conditions, since they can absorb size without creating an obvious trail or pushing prices higher.

The Shiba Inu price has consolidated in this range for a while now, along with weak sentiment across meme coins generally. The Shiba Inu whale appears to take advantage of these flat conditions, when they can absorb liquidity more quietly and secure better prices compared to when the market runs active and everyone’s watching.

Rally Implications

What comes next really depends on whether this Shiba Inu accumulation continues or if it was just a one-time event. If new inflows persist from Coinbase and this crypto whale movement keeps going, traders will likely interpret this as positioning for a potential move toward the upper range, which is around $0.0000117. Some market participants are already watching to see if other large holders follow this pattern.

However, if the activity stops here, traders will probably view it as a single accumulation event rather than the start of a broader meme coin rally. The Shiba Inu whale has not made any additional moves since completing the initial sweep, so whether this signals confidence in an upcoming Shiba Inu price breakout or just opportunistic buying at current levels remains unclear.

Also Read: Here’s What $10 in Shiba Inu Becomes at $0.001, $0.01, $0.1 & $1

The behavior of this wallet over the coming days will be critical in determining whether this represents the beginning of a larger trend. Crypto whale movements like this one often serve as early indicators, even though they do not guarantee any specific outcome. For now, the 169.13 billion SHIB sits in the wallet, and traders are keeping an eye on both the address and the Coinbase exchange to see if the pattern continues.