The largest American cryptocurrency exchange, Coinbase, has transferred more than 1.16 trillion Shiba Inu tokens from its Prime Custody wallets. According to the Arkham Intelligence analytical platform, the operation was divided into three large transactions completed within thirty minutes. First, the exchange transferred 242.1 billion coins, followed by a tranche of 348.08 billion, and the final transfer amounted to 573 billion tokens. The funds were directed to various newly created cryptographic addresses with which no activity had previously been recorded. This practice is typical for large depositories that regularly distribute digital assets between new repositories to optimize liquidity management and improve the overall security of the infrastructure.

Given that funds were moved between addresses presumably under the control of the exchange itself, experts do not consider these actions as a direct indicator of changes in market demand or as a sign of preparation for large-scale sales. At the moment, all three new addresses continue to hold the transferred tokens, and outgoing transactions from them are not recorded. Currently, the Shiba Inu cryptocurrency ranks thirty-first in the ranking of digital assets by market capitalization, which is estimated at about 2.5 billion dollars. At the same time, the daily trading volume of this asset showed a slight decrease of 5.1 percent, dropping to $ 42.4 million, reflecting moderate activity of market participants.

It is also worth noting recent events related to US government agencies. Last week, the authorities transferred 54.89 billion Shiba Inu tokens to an unknown cryptographic address. According to Arkham Intelligence experts, these digital assets were previously seized as part of the bankruptcy case of the FTX cryptocurrency platform, founded by Sam Bankman-Fried. Such transfers of funds by government agencies are usually carried out within the framework of standard procedures for managing seized assets and do not necessarily indicate the immediate sale of these funds on the open market, but they invariably attract the attention of analysts and investors.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.