Crypto

SHIB Whale Activity Heats Up with 125 Billion Token Transfer

Guavy AI Editorial Team Published September 11, 2026

Instruments

SHIB

The Shiba Inu (SHIB) community is abuzz with activity as a massive 125.3 billion SHIB tokens were transferred from a BitGo custody wallet to a new, unidentified address.

Mazrael, a long-time community member, analyzed the transaction using on-chain data and found that the receiving wallet, 0x51580B706d0E84eC9DE947cDeA33c56D616aaA38, had no prior on-chain history, suggesting it was freshly created for this transfer.

The source of the SHIB tokens is a BitGo custody wallet that received enormous SHIB deposits in recent days, including 600 billion SHIB on September 1 and 408 billion SHIB on September 6. The exact origin of any individual token has become opaque since they were commingled in BitGo's multisig.

Mazrael noted that the recent move is consistent with custody segregation or an OTC settlement, but there is no additional evidence to support this claim.

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