Altcoins News
By Sakamoto Nashi
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The Biggest SHIB Move of the Year. Coinbase Institutional, the branch of Coinbase focused on large-scale over-the-counter trades for…
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Possible Reasons Behind the Transfer. While the identity of the receiving wallet remains unknown, the transfer could represent more than…
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SHIB Price Drops Amid Market Correction. The massive transfer came during a tough week for SHIB.
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Institutional Interest Still Present. Despite SHIB’s recent downturn, Coinbase Institutional’s handling of such a large transaction…
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A Turning Point for SHIB?. The $70 million transaction has fueled speculation about SHIB’s next move.
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The Bigger Picture. The SHIB transfer is also part of a larger trend where institutional crypto activity is picking up…
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A massive Shiba Inu (SHIB) transaction is turning heads in the crypto world. According to on-chain data provider Whale Alert, Coinbase Institutional recently transferred a…
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The size and timing of the move have raised questions among market watchers, particularly as the transaction coincides with a sharp drop in SHIB’s price and a broader downturn…
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Coinbase Institutional, the branch of Coinbase focused on large-scale over-the-counter trades for high-net-worth individuals and institutions, has processed some hefty…
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Earlier in June, the same platform handled several back-to-back SHIB transactions valued between $31.6 million and $44 million.
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Given the size of the transaction, it’s clear that SHIB still has a role in institutional portfolios — even as its market performance falters.
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The massive transfer came during a tough week for SHIB. The token dropped more than 10% on Wednesday, followed by another 4% decline on Thursday.
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Once a top 10 cryptocurrency by market capitalization back in 2021, SHIB has now slipped out of the top 25, according to data from CoinGecko.
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Despite SHIB’s recent downturn, Coinbase Institutional’s handling of such a large transaction indicates that big players are still involved with the token.
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Even in a bearish climate, institutional participation can have a stabilizing effect, signaling long-term interest despite short-term volatility.
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