[DigitalToday reporter Jinju Hong (홍진주)] An unidentified large Shiba Inu (SHIB) investor has resumed wallet activity that had been halted for a month and withdrawn 400 billion SHIB, data showed.

According to blockchain outlet U.Today on June 8 (local time), the investor withdrew 400 billion SHIB from a Gnosis Safe Proxy smart contract address (0xD13). On-chain data analytics platform Arkham Intelligence confirmed the funds moved to a new external address through the transaction.

The withdrawn tokens moved to an intermediate address, "0xf9905...f64f5". The address had previously held only small third-party tokens, but after the transaction it changed into a large operating wallet holding assets worth about $1.89 million.

Some interpret the move as potentially carrying more meaning than a routine transfer. That is because the funds were moved from Gnosis Safe, an enterprise multisignature custody system, to an external wallet. In the cryptocurrency industry, moving assets from a multisig repository that requires multiple approvals to a single wallet is viewed as relatively uncommon.

On-chain records show the investor has followed a consistent pattern. A month and two months before this transaction, the same address accumulated large amounts of SHIB and then showed little activity for about 30 days.

The market is watching whether the transaction is a simple asset relocation or a preparatory step for future trading. Based on information confirmed so far, it is difficult to conclude whether it involves buying, selling or the execution of a specific strategy.

The timing has also drawn attention. When the 400 billion SHIB moved, Shiba Inu was trading at about $0.00000472 and the daily price range was not large.

The wallet's portfolio is effectively concentrated in SHIB. Based on Arkham data, SHIB accounts for about 99.4 percent of total asset value, with the remainder made up of about 9.99 ETH (worth about $16,600) and small amounts of SKYA and BASED tokens.

Market participants are watching whether the address will move additional funds or send tokens to exchanges. As the long-silent whale investor has started moving again, interest in SHIB's on-chain flows is expected to continue.