Shiba Inu Whale Unleashes Massive Token Transfer to Bitget Exchange

A major Shiba Inu whale has made a massive transfer of over 370 billion SHIB tokens to the Bitget cryptocurrency exchange. According to data from Arkham, the wallet initiated the transfers with two separate transactions of 37 billion SHIB each, followed by deposits of 71.27 billion SHIB and 203.53 billion SHIB, before concluding with a final transfer of 21.29 billion tokens.

The largest single transaction contained 203 billion SHIB tokens, marking one of the largest on-chain movements in recent history. This sudden activity has sparked speculation about potential selling pressure and near-term price volatility. The Shiba Inu whale still holds 371 billion SHIB, with the majority of its holdings accumulated over a year ago through multiple large inflows from Binance.

Historical on-chain data suggests that this extended accumulation phase may indicate a shift in market strategy for the whale. The sudden transition from dormancy to massive outflows could be a sign of profit-taking or risk reduction amid heightened market uncertainty. Shiba Inu's price has repeatedly fallen below $0.000006, highlighting the challenging market environment and increasing pressure on speculative assets.