TLDR:

A mysterious address withdrew over 48.53 billion SHIB from Coinbase’s hot wallet.
The move occurs while retail investors hesitate amid a 2.8% market drop.
Analysts suggest the whale could be eyeing profits of up to $200,000.

This Monday, January 12, the crypto market witnessed an aggressive accumulation maneuver. Data from Arkham indicates that a mysterious address became a “token billionaire” after withdrawing 48.53 billion SHIB from Coinbase. 

The financial operation, valued at approximately $422,700, represents one of the most significant individual withdrawals in recent days and has turned the sector’s full attention to the Shiba Inu price.

Despite the market falling nearly 2.8% this Monday, placing the valuation at $0.00000839, this investor apparently took advantage of what they consider a valuation floor. 

The wallet in question, identified as “Ethereum First Funder,” saw its total portfolio skyrocket from $500,000 to over $2.5 million in just two months, consolidating the Shiba Inu price as its second-largest holding after Ethereum.

Technical Projections and the Impact of Accumulation on the Market

From a technical standpoint, this movement suggests that institutions or large capitals are building strategic positions. Although the Shiba Inu price recently attempted to break the $0.00000900 resistance without success, current levels appear attractive to those operating with a long-term vision. 

Now, the asset remains just above key local support levels.

Analysts suggest that if the $0.00000699 support holds firm, the next bullish target for the Shiba Inu price would sit between $0.00001102 and $0.00001203. 

If the whale correctly timed their entry, this operation could generate net profits of between $160,000 and $200,000 in the next bullish cycle.

While retail investors show indecision in the face of volatility, whales do not hesitate. This massive withdrawal from Coinbase to a private wallet reduces the circulating supply on exchanges—a factor that generally precedes recovery movements. 

In summary, whether through a strategic memecoin rotation or a fundamental bet on the ecosystem, this address has made its confidence in the asset’s recovery potential very clear.

---

Filed under: News - @ January 12, 2026 9:26 pm