Anonymous Holder Withdraws 34.9B SHIB From Coinbase
An anonymous Shiba Inu holder pulled 34,924,296,000 SHIB off Coinbase in a single on-chain transfer on Jan 1, 2026, ending roughly a month of dormancy. The burst of activity lit up Coinbase routing and revived “whales are back” chatter among traders, although the sender’s identity and destination remain unknown.
Such large withdrawals are often read as a bullish signal because moving tokens off exchanges can limit immediate sell pressure, but they can also precede private wallet accumulation or OTC deals with mixed market effects. For now, traders and on-chain analysts will watch for follow-up transfers or renewed exchange deposits to gauge whether this marks sustained buying or a simple repositioning move. Price reaction was muted immediately, but social sentiment and trading volumes could shift quickly if more whale moves follow.