New Whale Withdraws 512.6 Billion SHIB From Kraken, May Suggest Planned Accumulation
The post New Whale Withdraws 512.6 Billion SHIB From Kraken, May Suggest Planned Accumulation appeared on BitcoinEthereumNews.com.
A new Shiba Inu whale withdrew 512.6 billion SHIB (≈ $7.14M) from Kraken into a fresh wallet, per on‑chain Arkham data; the address now holds almost all its $7.1M balance in SHIB and 5 ETH (~$23k), signaling large-scale accumulation during a short-term price dip. 512.6 billion SHIB moved from Kraken to a new wallet in one transaction Wallet labeled “0x2CC” holds nearly $7.1M in SHIB and 5 ETH after the inflow Move recorded during a ~5% intraday SHIB price drop; data source: Arkham (on‑chain analytics) Shiba Inu whale withdraws 512.6B SHIB from Kraken — read updated on‑chain analysis and what it means for SHIB traders. Learn more on COINOTAG. What happened when a Shiba Inu whale withdrew 512.6 billion SHIB from Kraken? The Shiba Inu whale withdrawal is an on‑chain transfer of 512.6 billion SHIB (about $7.14M) from Kraken hot wallets into a newly created address labeled “0x2CC.” The move concentrated a large block of SHIB off‑exchange during a ~5% intraday price decline, altering short‑term liquidity dynamics for the token. How did Arkham data record the Kraken outflow and what does it show? Arkham on‑chain analytics identified the single large transfer from Kraken’s hot wallets to one fresh address. The receiving wallet now shows almost its entire ~$7.1M balance in SHIB plus 5 ETH (~$23k). On‑chain tags and flow comparisons indicate this inflow outpaced most daily exchange withdrawals for SHIB. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ?…
Filed under: News - @ September 14, 2025 2:20 pm