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A whale transfer has caught the attention of the Shiba Inu (SHIB) community. This comes after 161.3 billion SHIB tokens were withdrawn from Coinbase. According to Arkham, the Shiba Inu tokens were sent into a brand-new Ethereum wallet, raising questions about the SHIB whale’s intentions.
62.85 billion SHIB initially left Coinbase two days earlier, followed by another 98.47 billion SHIB in a single transaction. Both Coinbase transfers were directed to the same fresh wallet, which had no prior activity.
Experts suggest that the Shiba Inu movement could be tied to long-term storage or preparation for future on-chain activity. However, while investors speculate about the purpose of the Coinbase transfer, PayDax Protocol (PDP) has launched a…
