Shiba Inu investors are closely watching as a newly created whale wallet withdraws a massive 169 billion tokens from Coinbase. The move comes as the crypto market struggles and SHIB trades below key psychological levels. Such accumulation reduces immediate selling pressure and may signal confidence in a potential price rebound. The transaction underscores the ongoing interest in discounted SHIB holdings despite stagnant market conditions. Large-Scale Withdrawal Signals Accumulation Data from Arkham Intelligence shows the whale executed six separate withdrawals from Coinbase between December 3 and December 4, 2025, totaling 169,136,053,041 SHIB. The first transaction transferred 81.61 billion SHIB to the new wallet, followed by three more withdrawals of 19.48 billion, 11.59 billion, and 11.55 billion tokens on the same day. On December 4, two additional transfers added 11.34 billion and 33.54 billion SHIB, completing the total accumulation. Arkham Intelligence confirmed that the wallet had no prior inflows, indicating it was recently created specifically for this purpose. The whale has not moved or sold any of the withdrawn tokens. By keeping all 169.13 billion SHIB in the wallet, the investor reduces the number of tokens available on exchanges. This action effectively lowers immediate selling pressure and signals a strategy focused on long-term accumulation rather than short-term profit-taking. At current SHIB prices, the withdrawn tokens are valued at roughly $1.46 million. Source: Arkham Intelligence Context and Market Implications Although significant, the withdrawal is small compared to previous large-scale movements from Coinbase. In July 2025, a new wallet pulled 5 trillion SHIB from the exchange, followed by another 3 trillion tokens in August. The timing of this latest accumulation is crucial. SHIB has remained near $0.0000086, below the $0.00001 mark that many holders watch as a key resistance level. The subdued price environment has created an attractive entry point for buyers seeking to accumulate SHIB at a discount. At the time of writing, SHIB is trading at $0.058395, representing a 3.99% decline over the past 24 hours. SHIB price chart, Source: CoinMarketCap The market reaction will largely depend on whether the whale continues to buy SHIB on Coinbase. The ongoing accumulation could serve as a bullish signal, encouraging other traders to follow suit. Conversely, if the whale halts activity, the move may be interpreted as a single event with limited market impact. Traders and observers are now monitoring the wallet closely to gauge potential trends in SHIB trading volumes and price movements.
