Coinbase Shuffles $1.16 Trillion Shiba Inu Tokens Amid Exchange Outflows

A massive transfer of Shiba Inu tokens has taken place on Coinbase, with over 1.16 trillion SHIB being moved out of the platform's linked wallets in a series of large transfers.

The tokens shifted in three big hops within minutes, but the price remained stuck near multi-year lows before a slight bounce.

Blockchain trackers flagged the massive outflows from Coinbase-related addresses, leading observers to believe that this was internal wallet rebalancing or cold-storage management rather than aggressive buying or selling.

The sheer size of the transfer was enough to put SHIB back on traders' radars, but technical analysts say the token remains trapped in a broader bearish structure.