20.8B SHIB Withdrawn From OKX Hot Wallet as Price Jumps 22%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 Inu team member Lucie warned on Feb 7 that attackers have generated thousands of lookalike wallet addresses aimed at tricking Safe Wallet users into sending funds to the wrong destination. The alert flags a growing phishing risk for SHIB holders.

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Published at 2026-02-07 14:15:13

ARK Sells $17M Coinbase Stake, Buys $18M Bullish as Crypto Slides

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Published at 2026-02-06 11:45:23

XRP Leads Crypto Slump With 16% Drop to $1.29

XRP plunged about 16% in the last 24 hours to roughly $1.29, the weakest among major tokens, while Bitcoin declined about 7% on Thursday.

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Published at 2026-02-05 16:00:48

BitMine’s 4.2M ETH Treasury Shows Billions in Paper Losses as ETH Struggles at $2K

BitMine’s 4.2 million ETH reserve has incurred multi-billion dollar paper losses as Ether trades near $2,000. The slump has heightened speculation about potential deleveraging and broader market impacts.

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Published at 2026-02-05 08:15:30

Binance Adds 1,315 BTC to SAFU Fund in $1B Stablecoin Conversion

Binance announced it has added 1,315 BTC to its SAFU fund as part of a plan to convert $1 billion of reserves from stablecoins into Bitcoin after the recent market downturn. The move increases the exchange’s emergency insurance pool and signals continued institutional support for BTC.