This weekend, large crypto investors, popularly known as crypto whales, have been caught shuffling through considerable size of Shiba Inu (SHIB) tokens. Per WhaleAlert’s notification on Friday, one crypto whale cashed out 3 trillion Shiba Inu coins, worth $38.244 million at stamped transaction time on Ethereum’s (ETH) chain.
Coinbase Whales Back In SHIB Accumulation Mode
Withdrawing these massive digital assets from Coinbase Institutional, the decision to move the 3T SHIB to a self-custodial wallet on Ethereum (ETH) implies willingness to hold, as opposed to depositing crypto to centralized exchanges (CEXs) for immediate sell-offs.
According to the real-time blockchain registry, the ETH crypto wallet still hotels the 3T at a price of $0.000013, consisting 100% of their wallet balance. If this type of behaviour passes on the other SHIB whales, the meme coin’s community could expect more upside.
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With overall exchange reserves getting sliced in half from 140 trillion to 85.6 trillion today, the tendency to hold Shiba Inu (SHIB) outside exchanges suggests the SHIB Army’s belief in the meme coin’s decentralized nature, partly manifested with Shibarium Layer-2.
What Stops SHIB Price From Hitting The Next Target?
The current crypto whale sentiment measuring on-chain signals gave conflicting results, based on TradingView’s 4-hour SHIB price charts. With the next major price target set at $0.00001773, the OG memecoin has lots of tracks to cover before breaking the red-label Bollinger Band (BOLL), depicted in the chart below.
For one, The Chaikin Money Flow (CMF) went back above positive figures this weekend, hinting that large holders are keen on choosing the $0.000013 price area as an entry point for SHIB, despite the meme coin losing the critical resistance level of $0.000014 on August 14, 2025.
While the resurging crypto whale buying power explains Shiba Inu’s (SHIB) exchange reserves tumbling to 85.6 trillion as of August 17, 2025, it would be naive to state that bulls are back at the steering wheel. Slowed down trading daily trading volumes continue to put hurdles in SHIB’s rebound rally, as well as the Bull Bear Power (BBP) meter slightly pushing to the bearish side.
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A large investor (whale) bought 3 trillion Shiba Inu (SHIB) tokens on Coinbase, sparking speculation about their motives.
This isn’t just a solo act. With the Chaikin Money Flow (CMF) hitting 0.06 and swinging back to positive today, whale sentiment is clearly bullish, signaling a broader trend of accumulation.
Whales likely see upside potential, possibly due to SHIB’s ecosystem growth, like Shibarium upgrades, or market optimism. They’re betting big on future gains.
Consequently, large buys like this often spark short-term price jumps by boosting demand. With CMF positive, sustained whale activity could push SHIB toward $0.00001773 or even higher.
Hold on—whale moves are promising, but crypto’s volatile. Thus, research SHIB’s fundamentals, track market trends, and consult a financial advisor before diving in.
