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Crypto

Coinbase moves 1.163 trillion Shiba Inu tokens in 30 minutes; who is behind the large transfer?

Coinbase moved 1,163,213,299,134 Shiba Inu (SHIB) tokens in three transfers over about 30 minutes, a report said. On-chain data firm Arkham Intelligence identified the tokens being distributed to three new wallets from Coinbase Prime Custody addresses. Analysts viewed the movements as internal transfers rather than market buying or selling. No further withdrawals or transactions were detected from the new wallets as of publication, the report said.

Crypto

Shiba Inu nears return to top 30 by market cap as 74.2 billion SHIB leaves exchanges

Shiba Inu (SHIB) is close to re-entering the top 30 cryptocurrencies by market capitalisation after large net outflows from centralised exchanges. It has recovered to No. 31 after slipping during a broader market downturn. At the time of writing, SHIB was priced at $0.000004230 with a market value of about $2.49 billion, around $20 million behind No. 30 Tether Gold. CryptoQuant data showed 74.2 billion SHIB in net outflows over 24 hours.

Crypto

Shiba Inu eyes top 25 by market cap as 39 percent rebound scenario draws attention

On-chain indicators show 94.49 percent of Shiba Inu (SHIB) circulating supply is concentrated in 707 large wallets. If the concentration reflects liquidity leaving exchanges, price rebounds could be amplified when large buy orders enter, as less supply is immediately tradable. Etherscan data put major holders’ SHIB at about $2.36 billion. Technical signals on TradingView also suggest a possible rebound, with a 39 percent rise cited toward the 200-day EMA.