A mysterious Shiba Inu whale has transferred 3 trillion Shiba Inu coins, worth approximately $38 million, from Coinbase on Friday. The whale moved the tokens when its price was hovering around $0.00001299. The transfer of tokens came at a time when SHIB dipped nearly 4% in the charts. The development is testing the patience of investors as the token has mostly stagnated in value this year.
The latest data from Whale Alert shows that the anonymous whale transferred the tokens from Coinbase to a self-custody wallet. The transfer highlights that the whale did not sell the Shiba Inu tokens but moved them to an unknown wallet. Therefore, the SHIB tokens remain in the wallet and have not been dumped in the broader markets.
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The 3 trillion Shiba Inu tokens moved by the anonymous and mysterious whale are worth $38 million on Monday. Despite the portfolio being worth millions, the whale did not jump ship but remains invested in SHIB. This gives regular traders confidence that the bigger players are staying invested in the dog-themed token.
Shiba Inu Whale Transfers SHIB Tokens
The transfer of Shiba Inu tokens from the whale barely helped the coin surge in value this week. It has dipped by another 4% on Monday and is attracting bearish sentiments in the indices. Overall, SHIB has been on the back foot in 2025 with little to no price spurts in the charts. It is among the least-performing cryptocurrencies this year, delivering only losses to holders.
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The Shiba Inu whale might have a long-term goal and has kept the tokens safely in its or her wallet. It looks like the bigger player wants to make profits above $100 million and is playing the long-term game. SHIB could be at a different position in a decade, generating more profits for investors.