The Shibu whale, which has accumulated almost 1.981.7 billion tokens in the past month, has finished its position and apparently sent its full price back to Coinbase just 16 hours ago. Tokens currently worth around $2.71 million have been sent to Coinbase hot wallets in a single transaction.
Looking at on-chain data by Arkham Intelligence, the same wallet received three call forwardings from Coinbase a month to three weeks ago.
At the time of these transfers, the total USD value was approximately $2.41 million. Recent spills suggest that the whales may have pocketed around $300,000 in profits.
The movement follows a rise in Shiv’s market value during April. The wallet’s balance chart shows that more than $1 million held earlier this month has risen to its recent peak of $2.7 million. It is unclear whether the whale timing the exit based on price action or other signals, but the results are clear.
Interestingly, all tokens were sent back to the original Coinbase hot wallet, prompting the idea that this was an internal exchange shuffle rather than an individual accumulation or sale.
Even if this is true, the strategy still looks easy. It accumulates during flat periods and off-roads after maintenance. With nearly $300,000 in less than a month, it reminds us that Shiba Inu (Shib) can offer a great opportunity amid the oversaturation of the memecoin market.
Was it luck, planning, or both? Either way, the wallet is now empty – but someone left with victory.
