SHIB Price Takes Hit as 280B Tokens Exit OKX Wallet in Mysterious Transaction

A significant transaction occurred on August 24, when an unidentified wallet withdrew 280.826 billion SHIB tokens from an OKX hot wallet, valued at approximately $1.56 million.

The Crypto Basic reported the event using Arkham data, noting that the receiving address was labeled as unknown and had no clear connection to Cumberland or any other entity.

Apeing, a separate project, reported 12K+ whitelist members and interest from larger crypto holders, but these claims are not independently verified on-chain and do not directly relate to the OKX withdrawal.