A crypto whale has purchased 3 trillion Shiba Inu (SHIB) tokens, worth $38.244 million, from Coinbase Institutional, transferring them to a self-custodial wallet on Ethereum. This acquisition reflects a growing trend of investors moving SHIB off exchanges, with reserves dropping from 140 trillion to 85.6 trillion. Despite low trading volumes and a bearish trend, indicators suggest potential bullish sentiment among large holders, driven by SHIB's ecosystem growth.
Coinbase Whale Acquires 3 Trillion SHIB as Exchange Reserves Drop
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