Wintermute Transfers Billions of SHIB to Coinbase

Major market maker Wintermute transferred 11.375 billion SHIB tokens (Shiba Inu’s native token) to Coinbase on August 31, according to Arkham Intelligence. The move, valued at about $139 k, reduced Wintermute’s SHIB holdings to 37.89 billion tokens ($465 k). Despite such large-scale on-chain activity, Shiba Inu’s price remained stable, suggesting that the SHIB market now absorbs high-volume transfers without triggering volatility. This is not Wintermute’s first large reshuffle. In June 2025, it moved 2.87 trillion SHIB between custodial wallets and Coinbase Prime to manage liquidity and prevent slippage. These operations enhance market efficiency and appeal to institutional investors seeking stability over hype-driven swings. Although SHIB has dipped over 3% in the past week, technical analysts at CryptoElites identify a symmetrical triangle pattern. A breakout above resistance could propel Shiba Inu toward $0.00023, a potential 17-fold increase from current levels near $0.000012. Together, strong liquidity management and mounting whale activity point to a more resilient SHIB market poised for future gains.