Coinbase Stunned With Mysterious 174,354,456,455 Shiba Inu (SHIB) Withdrawal
Portfolio Pulse from
Coinbase experienced an unusual withdrawal of over 174 billion Shiba Inu (SHIB) tokens, valued around $2.2 million, transferred to an inactive wallet in three separate transactions over four days. Despite the large withdrawal, on-chain data suggests more SHIB deposits than exits, creating market uncertainty.
March 29, 2025 | 2:00 pm
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NEUTRAL IMPACT
Significant SHIB token movement might raise questions about exchange security and asset management procedures.
Large token withdrawal could signal operational changes or potential security concerns, which might temporarily impact investor sentiment towards Coinbase.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Large withdrawal of SHIB tokens to an inactive wallet creates uncertainty, with conflicting signals between withdrawal and overall exchange inflow trends.
Unusual token movement creates market uncertainty. Contradictory signals between large withdrawal and overall deposit trend suggest potential volatility.
CONFIDENCE 65
IMPORTANCE 80
RELEVANCE 100