A Shiba Inu whale recently deposited 174.6 billion SHIB, worth approximately $2.53 million, into Coinbase. The identity and motive of the whale remains unknown. The wallet had no previous transaction history and the coins were accumulated just two weeks ago, raising suspicions that it may belong to Coinbase itself. However, there is no evidence to support this theory. The withdrawal and subsequent deposit of the SHIB coins may indicate an attempt to minimize losses on a mistimed purchase, taking advantage of the recent market rebound. The timing of the movements is peculiar, suggesting it may not be a random occurrence but also lacking the smoothness of a strategic move. The true intention behind the whale's actions remains unclear, leaving room for speculation.



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