In a surprising turn of events, an unnamed major investor has executed a substantial transaction involving 419.873 billion Shiba Inu (SHIB) tokens, valued at a staggering $3.87 million. Blockchain activity was tracked by Etherscan, revealing that massive SHIB volume rapidly migrated from address “0xecfB” to “0xd37” in the past three hours. Both directions remain shrouded in mystery, adding intrigue to an already enigmatic movement.
In a surprising turn of events, an unnamed major investor has executed a substantial transaction involving 419.873 billion Shiba Inu (SHIB) tokens, valued at a staggering $3.87 million. Blockchain activity was tracked by Etherscan, revealing that massive SHIB volume rapidly migrated from address “0xecfB” to “0xd37” in the past three hours. Both directions remain shrouded in mystery, adding intrigue to an already enigmatic movement.
What adds a layer of complexity to this transfer is the origin of the Shiba Inu tokens. Initially residing at a sender address associated with Coinbase Prime Custody, the transaction hints at a possible institutional nature, aligning with the modus operandi of Coinbase’s custody solution.

Is Shiba Inu (SHIB) price at a low?
This major SHIB move plays out against the backdrop of the token’s dynamic price action. Having endured a prolonged downtrend that lasted over 36 days, SHIB price recently reached $0.0000092, marking a 20.5% decline from its high a month ago. Despite this drop, signs of a possible market reversal have emerged, with active buybacks suggesting a temporary bottom for the Shiba Inu token.

However, the central point of interest remains the mysterious transfer of almost 420 billion SHIB tokens. As SHIB price struggles to reclaim the coveted $0.00001 threshold, the enigmatic nature of this massive transaction adds an intriguing layer to the narrative. If SHIB price manages to consolidate around its current level, observers speculate that a resurgence above $0.00001 could be on the horizon.
As investors anxiously await new developments, the mystery surrounding the transfer of 420 billion SHIB amplifies the anticipation of what is to come.