The massive Shiba INU (SHIB) transfer has collided with Ethereum Blockchain as S258.5 billion worth of SHIB, worth about $3.56 million, was sent to an external address “0x25e”, which now houses nearly $4.08 million on SHIB alone.
The move, recorded about seven hours ago, comes from Coinhako, a licensed crypto exchange based in Singapore and based in much of Southeast Asia. The destination wallet appears to be disabled, but is now linked to previous Shiv inflows and outflows, including multiple altcoins, including Pepe, Gala and XSGD, which are stubcoins pinned to Singapore Dollars.
So who is behind it? On-chain data shows two possibilities for high net whales based in Singapore, using coin clakiras for custody and accumulation.
The wallets that hold Shiv have recently mixed deposits and withdrawals. We’ve also sent Shiv to Binance in small batches over the past 72 hours. However, this $3.5 million deposit is the largest single transaction received so far, making it a key address for monitoring larger investors and exchange activities.
Its total portfolio currently exceeds $4.76 million, with Shib taking the majority. The size, timing and method of transfer suggest that this is a more organized actor rather than a casual user.
For now, the actual identity remains unknown, but one thing is certain that the positioning of one large wave in Asia has not slowed down. And this wallet has become one of the biggest things to see.
