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One Trillion SHIB Moved to Coinbase as Coin Prints Long Green Candle

Mon, 12/05/2022 - 11:19
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Yuri Molchan
SHIB price gains in past 24 hours as whales have been moving massive amounts of Shiba Inu
One Trillion SHIB Moved to Coinbase as Coin Prints Long Green Candle
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As reported by Twitter user @shibaplay_, who represents a SHIB burn project from the meme coin's community, over five hours ago, a whopping amount of Shiba Inu was moved by an anonymous whale.

By the way, the price surged earlier today, printing a massive green candle on an hourly chart.

1 trillion SHIB wired to Coinbase

A total of 1,060,594,914,048 Shiba Inu tokens was moved from an anonymous address to a Coinbase wallet with a likely goal of selling this hefty amount of SHIB. At the time of the transfer, this chunk of crypto was worth $10,415,042 at the SHIB/USD exchange rate back then.

Curiously, according to Etherscan, this trillion SHIB was sent to a "Coinbase 10" wallet just five minutes after this chunk of meme crypto came in from another anonymous wallet.

At the time of this writing, the wallet that sent the SHIB to Coinbase contains zero meme coins.

Litecoin (LTC) Rally to $83 Fueled by Ancient Whales, Data Shows

Price jumps on Dec. 5

Earlier today, the second largest meme coin by market cap, Shiba Inu, printed a long green candle on an hourly chart, followed by another, smaller one. The price of the coin surged by nearly 6%.

Since then, however, a drop by 1.27% has been noticed.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at