Blockchain analytics firm Arkham tweeted on Feb 3, 2026 that its on-chain tracing found no evidence Satoshi moved or sold 10,000 BTC, countering a viral rumor. The analysis helps calm supply concerns that briefly circulated.
An unknown wallet pulled 48.53 billion SHIB from Coinbase’s hot wallet, flagged by Arkham, a haul worth about $422,700 at the time. The transfer makes the address a 'SHIB billionaire' in token units, though not in dollar terms.
Arkham’s on-chain data shows 485,106,817,819 SHIB moved from a Coinbase Prime hot wallet to a single untagged address over two days, split into three transfers. The transfer raises questions about custody, consolidation and potential market impact.
About 4.13 trillion SHIB — roughly $35 million — left Coinbase in two direct transactions, Arkham data shows, while the token trades in a narrow range. The outflows mark one of the largest exchange withdrawals of the quarter.