20.8B SHIB Withdrawn From OKX Hot Wallet as Price Jumps 22%

Published at 2026-02-08 13:15:12

Shiba Inu (SHIB) climbed about 22% over the weekend after Arkham data showed 20,841,045,129 SHIB moved from OKX’s hot wallet into cold storage, a shift that effectively pulled roughly $132,000 of tokens off-exchange. The transfer coincided with heightened buying and a quick rebound in SHIB’s price, as traders interpreted the outflow as a reduction in immediate sell-side supply and a bullish signal.

While the move sparked short-term momentum, its real market impact is limited by SHIB’s enormous total supply—the value removed is modest relative to overall liquidity. Still, the episode underscores how on-chain flows from exchange hot wallets to cold wallets can influence sentiment and amplify price moves. Traders should watch subsequent exchange flows and order-book depth to see whether the trend sustains or reverses.

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Shiba InuJapanMobile WalletCrypto AdoptionRakuten

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