The 12 billion Shiba Inu (Shib), worth around $160,800, has been moved to Bitvavo, one of Europe’s top crypto exchanges. Tracked using on-chain data from Arkham Intelligence, the move comes from a wallet that exceeds $1.48 million on Crypto.
Was this just a typical relocation or was there something else going on? A wallet that had won 120 billion Siv, worth $1.45 million at the time, sent a tenth of that from its Coinbase Prime account a month ago. And it was sent directly to a hot wallet in exchange rather than to another cold storage.
The current question is whether this is the first domino for a larger liquidation event or is part of an asset turnover strategy. Shiv’s prices fell about 2.2% in the last 24 hours, trading around $0.0000136.
It may seem like a small drop on paper, but it’s important to look at the big picture. Meme Coin had just shown some good growth a few hours ago and was temporarily hit with over $0.0000137 before coming back.
However, such spikes on outbound volumes – especially to Bitvavo, do not happen by chance. When a Shiv chart hits short-term resistance, the timing is appropriate.
It is not clear whether the move was meant to leave the reversal or simply test liquidity, but in any case, it could have a real impact on market flow. Looking at the big picture, other whale wallets have recently shown similar unloading behavior, but with little transparency or timing accuracy.
If Bitvavo books start to spend these tokens, you may see price pressure. If they are not touched, it’s just a resharpling, but in this market, timing is rare.
One address. One transfer. 12 billion tokens. What’s next for Shiv?
