The cryptocurrency market continues to struggle, but some Shiba Inu investors seem to be taking advantage of discount prices.
Over the past day, a mysterious whale behind a newly created wallet has withdrawn over 169 billion Shiba Inu (SHIB) tokens from Coinbase.
Withdrawal details
According to Arkham Intelligence, the whale withdrew a total of 169,136,053,041 (169.13 billion) SHIB from Coinbase in six transactions between December 3 and December 4, 2025.
The activity began on December 3rd, when a new address 0xB3D…BF583 received 81.61 billion SHIB from Coinbase’s hot wallet. Over the next few hours, the whale made three more withdrawals of 19.48 billion, 11.59 billion, and 11.55 billion SHIB.
The accumulation continued the next day with two transfers containing SHIB 11.34 billion and SHIB 33.54 billion respectively, bringing the total withdrawals to SHIB 169.13 billion. Arkham Intelligence data shows that the wallet in question has had no previous inflows, confirming that it was recently created.
Shiba Inu Holdings is alive and well
Interestingly, the whale still holds all 169.13 billion SHIB in its new wallet, indicating its intention to accumulate rather than sell.
By withdrawing such a large amount of funds from the exchange, investors will effectively reduce the immediate selling pressure on SHIB as there will be fewer tokens available on the trading platform. At the current price, the withdrawn tokens are worth approximately $1.46 million.
Shiba Inu Whale has accumulated over 169 billion SHIB
Although large, this move is relatively small compared to previous large withdrawals from Coinbase. For example, in July, a new wallet withdrew 5 trillion SHIB from Coinbase, and the following month, another address withdrew 3 trillion tokens.
Potential market reaction
However, this recent deal has attracted attention due to its timing. That comes at a time when SHIB is hovering around $0.0000086, well below the psychological level of $0.00001 that many holders are watching.
While price stagnation has frustrated long-term investors, it provides an attractive entry point for buyers looking to accumulate SHIB at a discount ahead of a potential rebound.
The market reaction to this accumulation will depend on whether whales continue to purchase SHIB on Coinbase. Continued accumulation could be a bullish signal, prompting other traders to join and setting the stage for an upward price trend.
Conversely, if whale activity ceases, the purchase may be considered a one-time event with limited impact.
Meanwhile, Shiba Inu is trading at $0.000008602, down 2.63% in the past 24 hours and 1.01% over the past week.
