In a recent development, a large amount of the meme-inspired cryptocurrency Shiba Inu (SHIB) was withdrawn from Coinbase by a previously unused wallet. The withdrawal of 85.544 billion SHIB, valued at around $1.41 million, has sparked speculation among traders. While some interpret it as a buy action by a major player, others believe it could be an internal operation by the exchange. The price of SHIB saw a slight increase following the withdrawal, leading to divided opinions on whether this indicates a bullish trend or routine activity. The mystery behind these transfer activities and their potential implications remain to be seen.



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