In one of the biggest wave 1RO inU transactions of the last 24 hours, 56,329,137,888 Shivs (worth around $686,652 at the time) moved from Coinbase Prime to the new Unidentified Wallet. In particular, the transaction was completed in one transfer, with no splits or batches.
Another major detail is that the sender wallet “0x99C3” is linked to Coinbase Prime, a professional custody and trading service at Exchange. The inbound wallet “0x2072” appears to be a new address with no previous activity, so this doesn't seem to be just a normal internal movement.
It's not clear whether it's storage, deals, or something else, but the scale and source are noticeable.
Coinbase Prime works with large clients, so it's not just about random retail users moving dangerously. This was planned by someone with access to Coinbase's professional services.
That's why transactions are worth noting. SHIB refers to strategies that have been cashed, exchanged on-chain, or just moved, and usually involve custody or positioning.
Shiba Inu (SHIB) price
At the same time, Shiv's prices have risen slightly. Tokens currently trade at $0.0000122, an increase of 1.7% over the past 24 hours. SHIB still fell 2.67% last week, but its daily trading volume is strong at over $115 million and its market capitalization is packed with around $7.18 billion.
There have been no statements from Coinbase or Connected Entity, and the destination wallet has not made any additional moves since receiving the funds.
At the moment, it is a low key transmission on the surface, but due to this type of size and origin, it is a type of chain activity that is not noticed for a long time.
