Shiba Inu whales transfer 370 billion SHIB out of their wallets in exchange

Shib whales begin to act

A large Shiba Inu (SHIB) whale has sent over 370 billion SHIB tokens —worth several million USD—to centralized exchanges in the past 24-48 hours, sparking speculation about short-term selling pressure and price volatility for this meme coin.

Blockchain tracking tools like Arkham Intelligence recorded this activity on February 24-25, with transactions being primarily transferred to Bitget's deposit addresses (and some reports noting Binance's involvement) in multiple batches.

• Wallet origin: The money transfer transactions originated from an address that had been inactive for a long time ( starting with "0xa145Bd8C9E..." ), an address that had been virtually inactive for over a year before being suddenly reactivated.

• Balance after transfer: Even after the withdrawal, the whale still retained approximately 371 billion SHIB (worth about $2.19 million ), meaning the deposit accounted for about 50% of the whale's SHIB holdings at the time – suggesting this was a strategic repositioning rather than a complete liquidation.

• Transaction destination: Primarily wallets linked to Bitget, with some reports mentioning deposits from Binance. No large-scale sell-offs were observed on-chain after the deposits, suggesting the move may have been preparatory (e.g., OTC selling, hedging, portfolio rebalancing, or phased selling).

The largest transaction involved 203 billion SHIB, with additional inflows of 71 billion, 37 billion , and smaller amounts, bringing the total to approximately 370.77 billion SHIB . At the current price of around $0.000006 USD ( SHIB has been trading near $0.00000601–$0.00000622 USD in recent sessions), the value of the transferred tokens is approximately $2.2–$2.3 million USD.

What is whale behavior ?

Large holdings can disproportionately influence market sentiment. The influx of money from large investors often triggers short-term price declines, increased volatility, panic selling by retail investors, and liquidation in the derivatives market.

However, not all money transfers result in immediate sales. Large investors may transfer assets to manage liquidity, position arbitrage opportunities, or deploy collateral.

SHIB maintains relatively ample liquidity on major exchanges. If daily trading volume significantly exceeds the amount of funds transferred, the market can absorb potential selling pressure without causing serious disruption.

Overall Memecoin market dynamics

Memecoin operates in an automated feedback loop: stories, social media activity, and whale transactions amplify each other. Even small structural changes can create large fluctuations.

In a risk-tolerant environment, whale transactions can be quickly absorbed. In a risk-avoiding phase, similar transactions can trigger a chain reaction of liquidations.

Our review

In the volatile world of meme cryptocurrencies, large transfers of funds from "whales" (large investors) to exchanges remain one of the clearest short-term risk signals. While this move of 370 billion SHIB has raised legitimate concerns about selling pressure, the lack of immediate liquidation and the significant holdings by the "whales" suggest a strategic intention rather than a panic sell-off. Traders should closely monitor on-chain flows – especially from the native wallet – to anticipate the next move, as the price of SHIB may depend on whether these tokens are held or added to the order book.

Disclaimer: The information presented in this article is the author's personal opinion in the field of cryptocurrency. This is not financial or investment advice. All investment decisions should be based on careful consideration of your personal portfolio and risk tolerance. The views expressed in this article do not represent the official stance of the platform. We recommend that readers conduct their own research and consult with experts before making any investment decisions.

Compiled and analyzed by HCCVenture

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