278.3B SHIB: Large Wallet Exits Position After Month of Accumulation

Source: CryptoNewsNet Original Title: -278,367,375,343 SHIB: Coinbase Whale Exits Shiba Inu Coin After Month of HODLing Original Link: A big Shiba Inu wallet connected to a major compliance platform just sent 278,367,375,343 SHIB from its address, which was worth about $2.34 million at press time. On-chain data shows the address had been receiving loads of SHIB in several transfers throughout November, with 32.1 billion, 47.2 billion, 54.4 billion, 56.6 billion and 87.9 billion SHIB coming in from platform hot wallets.

What’s important was that there was no dispersion after those deposits and tokens did not move for weeks, suggesting a clear hold pattern that only ended a few hours ago with a single outflow transaction sending the whole stack back to the platform.

The exit is less important for its size and more for how it fits in with other market dynamics, especially the price action of the popular meme coin. SHIB has been stuck in a small range for the last two weeks, below $0.000009 and above $0.000008.

It seems like the whale decided to close the position, without expecting a full-fledged breakout for Shiba Inu coin — something market analysts may call time capitalization.

How Shiba Inu Coin Price Reacted

Usually, you would expect to see some big sell-offs when a whale is trying to sell aggressively, but the price reaction has been pretty calm today.

Yes, SHIB dropped about 1% on the day, trading near $0.00000841, but with no surge in volume and no visible liquidity disruption. This suggests that the pressure is being absorbed rather than passed on, at least for now.

Whether it was a tactical trade or whale panic remains open to debate. If more wallets start following this pattern, SHIB could fall back to the lower $0.000008 zone. If this move remains isolated, the market probably sees it as just rotation and not a rejection for the meme coin.