Shiba Inu wallet has accumulated $9.45 million worth of SHIB tokens through the CoinOne platform — identity still unknown

CoinNetwork · 2026-02-27T20:08:48+00:00

A crypto wallet has withdrawn 65.244 billion Shiba Inu tokens from the Korea CoinOne exchange, worth approximately $394,000. The address has been inactive for over two months and is mainly used for withdrawing SHIB. Although this outflow is seen as a positive signal, its specific purpose remains unclear. Currently, the SHIB trading price is close to $0.00000573, down 4.42%.

CoinNetwork

2026-02-27 20:08:48

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A crypto wallet withdrew 65.244 billion Shiba Inu tokens (SHIB) from the Korean CoinOne exchange, worth approximately $394,000. This was one of the largest SHIB outflows of the day. The address has been inactive for over two months and has only withdrawn SHIB from CoinOne for the past two years, never depositing or trading other assets. Currently, the address holds 1.616 trillion SHIB, valued at about $9.45 million. While this transaction pattern suggests the address may be a funds wallet for an exchange, its purpose remains unclear due to lack of labeling. Such a large-scale outflow is generally seen as a positive signal, potentially easing short-term selling pressure. SHIB is currently trading near $0.00000573, down 4.42%.

SHIB-3.27%

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